Posted by DigiNomad on 11th of Jun 2024 at 09:49 am
Market behaving like a teenager that's been throwing wild house
parties but parents are due to come home tomorrow. Clean up any
signs of wild action, put on a sad face, act like you missed your
parents and cross your fingers that you're not going to get a stern
talking to about reports from the neighbors that certain things
have been out of control.
Posted by DigiNomad on 11th of Jun 2024 at 09:55 am
AAPL is the ballast in the "maintain the squeeze" strategy
today. Can it escape the range? It doesn't deserve to based on
fundamentals but it would really help the squeezers keep the
pressure on while they let the air out of some other parts of the
market.
Posted by DigiNomad on 11th of Jun 2024 at 10:18 am
Market can try and act sly - pretend it's somehow hurting - but
it's a tough sell with all the money sloshing around you're not
likely to get everyone playing dead for even a day. GS says that
there is a "Wall of money" due to hit the market in early July.
Hard to act injured pre fed when there are walls of money to
front run!
The Fed 100% wants to cut, but the Executive branch and
administrative state put them in a bad position with clearly
massaged data that no one can admit is clearly massaged. The only
way I see that they project cuts tomorrow is if they call BS on the
Gov jobs data and say they are going by the private sector data
instead...which I don't see happening.
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Market behaving like a teenager
Posted by DigiNomad on 11th of Jun 2024 at 09:49 am
Market behaving like a teenager that's been throwing wild house parties but parents are due to come home tomorrow. Clean up any signs of wild action, put on a sad face, act like you missed your parents and cross your fingers that you're not going to get a stern talking to about reports from the neighbors that certain things have been out of control.
AAPL is the ballast in
Posted by DigiNomad on 11th of Jun 2024 at 09:55 am
AAPL is the ballast in the "maintain the squeeze" strategy today. Can it escape the range? It doesn't deserve to based on fundamentals but it would really help the squeezers keep the pressure on while they let the air out of some other parts of the market.
sometimes when the pit boss
Posted by mla127 on 11th of Jun 2024 at 09:55 am
sometimes when the pit boss isn't around, you could get some wild stuff in the high roller section ....
Market can try and act
Posted by DigiNomad on 11th of Jun 2024 at 10:18 am
Market can try and act sly - pretend it's somehow hurting - but it's a tough sell with all the money sloshing around you're not likely to get everyone playing dead for even a day. GS says that there is a "Wall of money" due to hit the market in early July. Hard to act injured pre fed when there are walls of money to front run!
The Fed 100% wants to cut, but the Executive branch and administrative state put them in a bad position with clearly massaged data that no one can admit is clearly massaged. The only way I see that they project cuts tomorrow is if they call BS on the Gov jobs data and say they are going by the private sector data instead...which I don't see happening.