So Orr won’t be saying it’s picked and no more OCR hikes
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When I logged in ...I expected to see above two posts ....wow ...how predictable !!!
Yes ...conditions and hype is forming to go down ....I said so when Hoop wrote "I am positive now " ....but in long term he was trying to convey that buy the upcoming dip ....as that maybe your last chance
So imo actionable brief is " Buy the upcoming dip " ....
Its moving towards short term higher rates and for longer but surely hard landing ( required to control inflation ) ...thus rates will drop also equally fast ...which is actually best outcome for stocks ...especially strong ones with cash positive balance sheets and very controlled debt ...
Just prior to the meeting/ testimony I read somewhere (international) that the stock market has already baked in a 30 bp increase. Likely to be higher seems to interpreted as much higher based on the immediate reaction of the market.
US terminal rate moved much higher after speech
Heard people saying 6 % or above ...maybe 6.5 % from 5.5% ...Many saying FED shud go 75bips in March meeting ...to really hurt economy and inflation expectations ....seems right thing to do ...but most likely wont be done ...CPI and jobs report before meeting may change all this talk ....lol
powell second day of testimony just finished he again say his decision most likely depend on payroll's this week and cpi next week and he changed from yesterday to say he not rule out 50 pt increase next meeting but depends on the data points mentioned.
so these 2 data days mean markets are going to have massive wild days probably
Here we go again buddy ...now the sentiment will swing to pessimistic side till we reach something solid which bad news also doesn't move ...maybe 3800 or lower but all will know when we get there ...when market will stop going down on bad news ...great market for traders ...yo yo yo yo ...up and down and up and down and then again ....Bull minting money ...now easily can add another 12 screens or rooms ...lol
I think we realise you're having a dig at bull****, but it's common knowledge that there are computer systems that actively trade the markets (they don't need a chart, just the price data), commonly called bots, or algorithms, that intervene in buying or selling shares based on price action, in varying quantities (not manipulating [yeah right]), stacking the bid/ask, placing bluff trades, influencing market traders, positioning their owners for profitable buys and sells of trading instrument positions. It would be naive to think that 'market' sentiment, especially the larger international markets, of all types, equities, currency, commodities, future, options .. etc, are not under the influence of very successful computers. Just wait till AI takes a hold, if it isn't already.
Everything you said correct except for the 'very successful' part.
These computers cannot beat a S&P500 index fund or 'the market' or funds that are totally run by them would be posting great records and attracting all the capital.
But yes I know what you mean, I read a whole book on high frequency trading, pretty awesome book too Michael Lewis.
https://en.wikipedia.org/wiki/Flash_Boys