GDP, @ 8:30 AM EST.
Apple, Amazon, Intel, and Roku round out the Tech kink movers after
the NYSE Close.
Wild times ahead today.
3910 remains the LIS for the ES to head lower with a Gap @ 3922.
EPS has been an abject disaster - with grossly lowered EPS Estimates, Collapsing
NETs and large Layoffs.
___________________________________________________________________
The junkies don't care, all is forgiven, Rally time.
___________________________________________________________________
Yesterday we witnessed our very First Day of FOMO after 15 Days of mixed
Squeeze to RTs.
Jerry appeared weak, lame, and silly.
The Fed isn't going to land anything anywhere other than a gaping hole in
the ground.
Screw Jerry and the rest of the Talking Heads at 33 Liberty, they're perfecting
the Art of confusion, delay, and obfuscation.
Forward Guidance, out the window.
Pathetic.
____________________________________________________________________
We're seeing UST's price in Depression, with a deeper inversion continuing to gain
steam.
Depressions are Bullish apparently, but then the Markets are a Greed Mechanism
wholly removed from Reality.
"Monetary Policy is working... blah blah blah. Data Dependent, weakening Data.
"Fed Funds is right in the range of Neutral... but - 3 to 3.5 is the desired range, the
June SEP is your best guide."
Then proceeded to back off. Job Market, significant gains in Labor and Wages.
Modest lower Job creation... blah blah, blah... not in recession..."
Idiocy.
_____________________________________________________________________
Apple, Amazon, Intel, and Roku round out the Tech kink movers after
the NYSE Close.
Wild times ahead today.
3910 remains the LIS for the ES to head lower with a Gap @ 3922.
EPS has been an abject disaster - with grossly lowered EPS Estimates, Collapsing
NETs and large Layoffs.
___________________________________________________________________
The junkies don't care, all is forgiven, Rally time.
___________________________________________________________________
Yesterday we witnessed our very First Day of FOMO after 15 Days of mixed
Squeeze to RTs.
Jerry appeared weak, lame, and silly.
The Fed isn't going to land anything anywhere other than a gaping hole in
the ground.
Screw Jerry and the rest of the Talking Heads at 33 Liberty, they're perfecting
the Art of confusion, delay, and obfuscation.
Forward Guidance, out the window.
Pathetic.
____________________________________________________________________
We're seeing UST's price in Depression, with a deeper inversion continuing to gain
steam.
Depressions are Bullish apparently, but then the Markets are a Greed Mechanism
wholly removed from Reality.
"Monetary Policy is working... blah blah blah. Data Dependent, weakening Data.
"Fed Funds is right in the range of Neutral... but - 3 to 3.5 is the desired range, the
June SEP is your best guide."
Then proceeded to back off. Job Market, significant gains in Labor and Wages.
Modest lower Job creation... blah blah, blah... not in recession..."
Idiocy.
_____________________________________________________________________
Comment:
3978 Open now