Posted by DigiNomad on 12th of Jun 2024 at 10:25 am
JPOW adjusting speech and strategy on Q&A - this move gives
him top cover to be more hawkish. He knows better than anyone
that the wealth effect is inflationary so he's got to balance the
scales. Spiking higher at the apex of rising wedges and all time
highs and then telling people policy is restrictive starts to erode
credibility (but I did call the spike up and out of the
wedges...ice cream cones melting in zero g)
Unemployment rising and the rich partying in the streets.
History never repeats but the story only changes slightly each time
as cultures always inevitably slip to the left and the wealth
divide explodes wider.
Posted by DigiNomad on 12th of Jun 2024 at 10:46 am
Regression prediction indicator had SPX at 5700 by mid Aug, but
that seems bearish. CNBC is in party mode with rate cuts
incoming talks...because the market is parabolic so we really need
a boost.
JPOW adjusting speech and strategy
Raise stops if trading long
Posted by DigiNomad on 12th of Jun 2024 at 10:25 am
JPOW adjusting speech and strategy on Q&A - this move gives him top cover to be more hawkish. He knows better than anyone that the wealth effect is inflationary so he's got to balance the scales. Spiking higher at the apex of rising wedges and all time highs and then telling people policy is restrictive starts to erode credibility (but I did call the spike up and out of the wedges...ice cream cones melting in zero g)
Unemployment rising and the rich partying in the streets. History never repeats but the story only changes slightly each time as cultures always inevitably slip to the left and the wealth divide explodes wider.
Check withAI to see what
Posted by ruidoso on 12th of Jun 2024 at 10:44 am
Check withAI to see what he can say, to juice it more.....
Regression prediction indicator had SPX
Posted by DigiNomad on 12th of Jun 2024 at 10:46 am
Regression prediction indicator had SPX at 5700 by mid Aug, but that seems bearish. CNBC is in party mode with rate cuts incoming talks...because the market is parabolic so we really need a boost.
6K soon ...
Posted by mla127 on 12th of Jun 2024 at 10:52 am
6K soon ...