fed just put out a note
Fed Warns Risky-Asset Prices Are Rising, Adding to Crash Worries
https://www.bnnbloomberg.ca/fed-warn...ries-1.1678897
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fed just put out a note
Fed Warns Risky-Asset Prices Are Rising, Adding to Crash Worries
https://www.bnnbloomberg.ca/fed-warn...ries-1.1678897
Looking for a confirmed 4hr downtrend on the futures before I get too excited. Then elevated bear volume tomorrow.
https://www.tradingview.com/x/d10oPpbz/
Infrastructure bill (another stimulus) only passed a couple days ago.
closed my very short term nasdaq short , long gold
probably closed my nasdaq a bit early but the gold trade is going gangbusters. might be breaking out of the weekly consolidation time will tell
U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years
https://www.cnbc.com/2021/11/10/cons...x-october.html
inflation can be real bad if it takes of
gonna crush poor people going forward if its persistant and make plenty of the middle class new poor people :scared: thank goodness asset prices still going up
The red hot CPI report on Wednesday pushed investors into inflation hedges old and new, as stocks and bonds came under pressure.
https://www.cnbc.com/2021/11/10/gold...3-decades.html
either still going gangbusters at the moment
normally gold goes down when dollar goes up , so yea means very strong buying in gold today probably blew some shorts out with that spike to 1868 on that inflation print.
your short looking good market probably getting a little nervous over the implications of inflation on the fed thinking , but the fed might need a another print to start going what the ....
edit: deleted, don't believe what you read on twitter, even 'reputable' sources