Posted by kevindeng0727 on 25th of May 2020 at 05:21 pm
Happy belated birthday Matt. Thank you for all the work you've
done. I really like the money supply data you put in this
newsletter. A lot of times, I found SPX:M2 or SPX:GOLD ratio to be
more useful on longer term wave analysis. The Fed can pump the
S&P 500 to any level they want, just a matter of how much
liquidity is injected and whether the side effects can be
tolerated.
also one theory I read last week which made a bit of sense was
that the FED is expecting to have to inject a huge amount of
liquidity again this fall if the Virus comes back in a second way
and that if the stock market is at new highs it's much more
scrutinized in doing that, therefore it's actively pulling in its
liquidity now and waning the market to start pulling back so that
when it has to inject again in the future it will be at lower
prices and seem more justified. anyway who knows, just
sharing
Memorial Day May 25th Newletter
Posted by matt on 25th of May 2020 at 02:58 pm
Here's the Newsletter
Happy belated birthday Matt. Thank
Posted by kevindeng0727 on 25th of May 2020 at 05:21 pm
Happy belated birthday Matt. Thank you for all the work you've done. I really like the money supply data you put in this newsletter. A lot of times, I found SPX:M2 or SPX:GOLD ratio to be more useful on longer term wave analysis. The Fed can pump the S&P 500 to any level they want, just a matter of how much liquidity is injected and whether the side effects can be tolerated.
thanks Kevin, also one theory I
Posted by matt on 26th of May 2020 at 09:17 am
thanks Kevin,
also one theory I read last week which made a bit of sense was that the FED is expecting to have to inject a huge amount of liquidity again this fall if the Virus comes back in a second way and that if the stock market is at new highs it's much more scrutinized in doing that, therefore it's actively pulling in its liquidity now and waning the market to start pulling back so that when it has to inject again in the future it will be at lower prices and seem more justified. anyway who knows, just sharing
By the way, if the
Posted by kevindeng0727 on 25th of May 2020 at 05:23 pm
By the way, if the futures stay around the current level, should we buy at the open tomorrow and stick with our trend day game plan? Thanks again.