Posted by DigiNomad on 16th of May 2023 at 12:27 pm
That's a VERY interesting chart. On a sort of related
note, Josh Brown on CNBC just went on a rant about the bubble
currently forming and the upcoming IPO mania centered around
anything remotely related to AI. Interesting perspective.
Might be worth looking up on CNBC dot com, if you missed
it.
One thing to note is that liquidity is projected to increase
pretty soon this week and remain supportive for at least the next
week. My friend tracks this via Fed and Commercial Loan
measures amongst other things - I'm not privy to his methods but
worth mentioning. Take it fwiw but I find it useful and
rarely fade swing trades against while trading but have certainly
done some trades if my triggers occur. There can be wild
swings while unfolding so please understand and not for the faint
of heart in that regard.
For those who missed my post on Liquidity ( the ultimate driver
of market), I stated that I expected upside for at least the next
couple weeks at that time(click on the link SPX internals to read
my comments from May 16th). While we certainly did see some
wild gyrations, the markets remained supported as expected.
Assuming the debt ceiling is lifted, who is going to purchase
nearly $1 Trillion in debt to restock the TGA this year with $500
Billion required in the short term on top of $80 Billion of
QT. Finally, the student loan forbearance comes to and end
soon and such borrowers must allocate funds to repay. Take
some time this weekend to ponder.
Posted by DigiNomad on 16th of May 2023 at 12:46 pm
Now THIS is interesting. Determining whether you're
fighting the fed or not comes down to the actual liquidity in the
market....which isn't always easy to figure out. I've seen charts
that overlaid Stimulus programs (TARP, QE1, QE2, etc, etc) with the
S&P 500 and the correlation is something very close to 1.
*I'm referring to Steve's comment about upcoming liquidity
from the Fed.
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SPX Internals
Posted by steve on 16th of May 2023 at 12:12 pm
FNGU has been the place
Posted by mastermind on 16th of May 2023 at 12:35 pm
FNGU has been the place to be. Unfortunately I sold a while ago.
Big caps tied to AI
Posted by steve on 16th of May 2023 at 12:36 pm
Big caps tied to AI has been the driver - plain and simple
That's a VERY interesting chart.
Posted by DigiNomad on 16th of May 2023 at 12:27 pm
That's a VERY interesting chart. On a sort of related note, Josh Brown on CNBC just went on a rant about the bubble currently forming and the upcoming IPO mania centered around anything remotely related to AI. Interesting perspective. Might be worth looking up on CNBC dot com, if you missed it.
Liquidity
Posted by steve on 16th of May 2023 at 12:34 pm
One thing to note is that liquidity is projected to increase pretty soon this week and remain supportive for at least the next week. My friend tracks this via Fed and Commercial Loan measures amongst other things - I'm not privy to his methods but worth mentioning. Take it fwiw but I find it useful and rarely fade swing trades against while trading but have certainly done some trades if my triggers occur. There can be wild swings while unfolding so please understand and not for the faint of heart in that regard.
For those who missed my
Posted by steve on 28th of May 2023 at 10:55 pm
For those who missed my post on Liquidity ( the ultimate driver of market), I stated that I expected upside for at least the next couple weeks at that time(click on the link SPX internals to read my comments from May 16th). While we certainly did see some wild gyrations, the markets remained supported as expected.
Assuming the debt ceiling is lifted, who is going to purchase nearly $1 Trillion in debt to restock the TGA this year with $500 Billion required in the short term on top of $80 Billion of QT. Finally, the student loan forbearance comes to and end soon and such borrowers must allocate funds to repay. Take some time this weekend to ponder.
Now THIS is interesting. Determining
Posted by DigiNomad on 16th of May 2023 at 12:46 pm
Now THIS is interesting. Determining whether you're fighting the fed or not comes down to the actual liquidity in the market....which isn't always easy to figure out. I've seen charts that overlaid Stimulus programs (TARP, QE1, QE2, etc, etc) with the S&P 500 and the correlation is something very close to 1. *I'm referring to Steve's comment about upcoming liquidity from the Fed.