Yep. You can hate how they are printing money and inflating their way out of all problems and gaslighting all of us along the way (I sure as hell do), but it doesn't help to trade against it. Just makes it worse.  Consider them guilty as charged and then figure out how to profit from the effects of continuous currency dilution.  There have been ZERO hints that they have any concern or plans to stop the spending and printing - in fact they just surprised from an expected 200 billion to 240 billion and raised the out quarters....so they are openly accelerating, not the other way around. That will inflate asset prices. Maybe not tomorrow, but it will inflate them. 

This post yesterday was essentially spot on. Janet's role was more hidden but still very powerful.  

I think it's hard to trade these in the moment. I have been trading non stop to setup for it and had everything set about an hour before the print (except I added Gold when shadow easing was confirmed). Market could still go down because the economy is weaker than they can say out loud, but I CRUSHED it today.  Now reducing positions. 

The way you know the Fed and treasury eased is by looking at the dollar action on the announcements. That is the largest, most liquid market in the world and tells the story clearly. Everything else is likely propaganda, bias or just noise. 

I haven't heard him say much in the press conference that would goose the market. It's an election year - they can't be that obvious. The market is seeing the coordinated easing in the written statements. 

Both Janet and JPOW did as expected and used the backdoor to a coordinated ease. Maybe a squeeze but it makes sense - the money printer just kicked from Turbo into ludicrous mode. They just did it in a way that's not completely obvious. 

More sneaky stimulus. Monetizing the debt (very very quietly and with no fanfare...in paragraph 2)

Buckle up!

My guess is sneaky dove clues will be dropped. 

IBIT up a quick 1.5% since Fed surprise easing. 

GLD - I'm adding on the surprise easing from greater than expected QT reduction.  Also sitting very near STS, so low risk trade (if using that STS.) 

I like the chart a lot but the fundamentals don't seem to give it an edge to play out as an inverse H&S. I'm surprised their sales growth isn't much higher with the whole aging population thing accelerating.  Mediocre growth relative to current PE (that's being nice) and the analysts definitely aren't tripping over themselves to recommend it either. 

I think Janet might give JPOW some leash on the honesty front pretty soon. Right now he is completely censored and hasn't said a peep about either fiscal policy or illegal immigration effects (he is self censoring but I'm sure there is a ton of pressure in an election year). Anyway, I think Janet might green light some honesty just to get closer to a rate cut.  Higher rates are not helping curb inflation  and JPOW can't control it at this point....we're in fiscal dominance phase.  He can tiptoe around that point to some middle ground if Janet allows.

The hard part about changing courses is that Congress and the Admin are very happy being able to point fingers at the Fed when people complain about inflation. Just a couple of weeks ago, the deputy Treasury sec said "Inflation is completely under the Fed's purvue, but I think they are doing a good job overall."  He was VERY quick to make sure the CNBC audience was pointing the finger at the Fed and not the fiscal side. 

I asked WTF about  the fundamentals the other day and gave a few details where it seemed weird, but no one took the bait. When this thing falls, I think it will be like SMCI.  Shiny valuation is questionable, at best = very little valuation support. But I didn't ask about the valuation because I understood it...so maybe I'm missing something. 

Haha. It's actually a big thing in Live Trading YouTubes.   "Super Chat" = pay us to respond to a question you post in the chat (at least for the one I'm in during the day lately). It feels kinda like tipping on the blackjack table or something - when they have good entries sometimes the "super chats" just roll in without even having questions attached (they are 100% day trades...no holding overnight). 

Don't get used to this rare look. It's not like someone took the keys to the money printer away from Janet   

And if JPOW is doing some last minute juggling with the FOMC language for tomorrow when it comes to QT, I think this will give him a push in the QE direction (starting with the end of QT). Lowering his rate wouldn't do anything at this point anyway - he doesn't set the long rates. But if they stop selling assets, including long end bonds...that will do something.

That target better hold....looks like waterfall territory below that. 

That's where I started trading. It was brutal!  (for trading)

Seriously. I stopped going when my go to drink hit $8 dollars....$9 with tip...and I even felt guilty because a $1 dollar tip was a low % of the total cost. Screw that. Hello 7/11. 

AMD - missed badly. Not good when you're valuation looks like it was cooked up by a bunch of analysts on MJ.