Posted by DigiNomad on 14th of Feb 2023 at 03:06 pm
Inflation over 6% still and market still seems to want to climb.
Yesterday, I heard multiple stories about how real estate is
getting hot again. Now DBA and others are getting hot also. Biden
and Newsome still pumping in stimulus left and right (fighting the
Fed at all costs). Powell must be a bit worried and thinking that
maybe the slow as she goes approach might need to be adjusted if
the market won't cooperate with his attempts to lower asset
prices.
Posted by fredsaid on 14th of Feb 2023 at 03:18 pm
I think many of us said it before, Powell should have increased
50 basis points at the last one. Economy is actually heating
up again and he is going to need to increase more...that is only
now becoming apparent. I also forecasted today's inflation
print would be hot (Steve posted the new method today, i
thought it was going to be more complicated than that) solely based
on the price of goods i see everyday - this is sticky price
inflation will become an even bigger problem for the fed if he
doesn't increase the rate hikes which WILL cause a hard landing and
then some.
Posted by kevindeng0727 on 14th of Feb 2023 at 03:08 pm
BOJ and PBOC added lots of liquidity (that's why US financial
condition index is loosest in a while). That won't last forever, I
am thinking by mid-year maximum (at least for PBOC). But for now,
enjoy the party.
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SPX 30 min symmetry
Posted by matt on 14th of Feb 2023 at 02:53 pm
$SPX - Chart Link- you did have a positive break in symmetry from the lows about 99 points vs the previous 88
Inflation over 6% still and
Posted by DigiNomad on 14th of Feb 2023 at 03:06 pm
Inflation over 6% still and market still seems to want to climb. Yesterday, I heard multiple stories about how real estate is getting hot again. Now DBA and others are getting hot also. Biden and Newsome still pumping in stimulus left and right (fighting the Fed at all costs). Powell must be a bit worried and thinking that maybe the slow as she goes approach might need to be adjusted if the market won't cooperate with his attempts to lower asset prices.
I think many of us
Posted by fredsaid on 14th of Feb 2023 at 03:18 pm
I think many of us said it before, Powell should have increased 50 basis points at the last one. Economy is actually heating up again and he is going to need to increase more...that is only now becoming apparent. I also forecasted today's inflation print would be hot (Steve posted the new method today, i thought it was going to be more complicated than that) solely based on the price of goods i see everyday - this is sticky price inflation will become an even bigger problem for the fed if he doesn't increase the rate hikes which WILL cause a hard landing and then some.
BOJ and PBOC added lots
Posted by kevindeng0727 on 14th of Feb 2023 at 03:08 pm
BOJ and PBOC added lots of liquidity (that's why US financial condition index is loosest in a while). That won't last forever, I am thinking by mid-year maximum (at least for PBOC). But for now, enjoy the party.