Apparently the Feds tweaked a program for corporate bond purchases, spurring today's rally. I'll take it! Now for some follow through!
Apparently the Feds tweaked a program for corporate bond purchases, spurring today's rally. I'll take it! Now for some follow through!
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
The Fed has me thinking that it won't allow the market to re-test the march 23rd lows. It will intervene at any sign of instability...
Futures are up! Now wondering if there are any legs under this push up...
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
I think we have to, I can see the gap above getting filled in short order. The challenge is the market has been so news driven driving it down, and Fed action driving it up, sort of a tug of war. Payne on Fox News this morning echoed what I've heard from Pres. Trump and Kudlow that the economy will have a V shaped recovery; we know the Market is not the Economy, but they are related. Which brings me back to my question about legs. Will Powell's comments this week drive further upside? And if so, how much. I'd like to see a double top at the recent high and downside to fill the gaps (considering my personal basement dwelling situation on the AT).
I
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
The two gaps in the S&P I hope never get filled are at 2900 and about 2570.
May the force be with us.
50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!
I bailed to 100% G today as I'm out of ift's and I don't see any substantial upside of the market soon, If anything it looks like Kendall is right and Ira is saying stay out for now.
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