BULLS vs POWELL & PAYROLLS

Out at 4020 for a nice fat 10 point profit even on holidays!! Back to the tournament now lol!!  

Stock market under selling pressure as Powell testifying in the Congress, saying rates likely to go higher than previously anticipated .............................

That's why really, interesting lol!!  Like there was a surprise there...

VIX barely budged though, and I see the dip likely to be bought .......................

In other news, retail XRT ETF  and 30-Year bond futes are up?

Inflation is like metastasized cancer. Once it has spread through the system, it can not be cured quickly and painlessly. Now with higher rates, US Treasury will pay out record amounts interest to sell more bonds. In fiscal 2025 year, servicing the debt is projected to cost more than defense budget.

VIX barely budged though, and I see the dip likely to be bought .......................

The bond market knows better - the 10 yr yield down today ...........................

Edited by redfoliage2, 07 March 2023 - 11:27 AM.

Inflation is like metastasized cancer. Once it has spread through the system, it can not be cured quickly and painlessly. Now with higher rates, US Treasury will pay out record amounts interest to sell more bonds. In fiscal 2025 year, servicing the debt is projected to cost more than defense budget.

Can you believe the number of experts that said that once COVID stimulus runs out, there is going to be financial cliff dive and inflation will turn into deflation.

Edited by linrom1, 07 March 2023 - 12:09 PM.

Bought some US notes with 1-year maturity. One has to generate 20% return with margin to break even with that.

Edited by linrom1, 07 March 2023 - 12:08 PM.

I am closing shorts
Targets reached

Gosh what a surprise, not....lol. Profit stop 4025....