I think we cut rates very soon. This CPI was manure.
Never been more BULLISH, but just for a couple more days.
#12
Posted 11 January 2024 - 12:09 PM
I think we cut rates very soon. This CPI was manure.
The Fed knows it and the Fed prefers PCE that is in clearly down trend .......................
Edited by redfoliage2, 11 January 2024 - 12:11 PM.
#13
Posted 12 January 2024 - 12:19 PM
Today is the Final Day at C.E.S.
Having been to a bunch of these... Friday is the day to wrap it up. Virtually all announcements have already been done, there's nothing to do if you are on booth duty but talk to the weekend warrior wannabe tech dudes who waited til the weekend to come...
Kinda like the casino janitor sweeping up jokers in the card room...
So by 2PM it's dead and the crowd heads for the gambling halls.
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics