Posted by DigiNomad on 28th of Jun 2024 at 09:27 am
SPX - the Trump bump evaporated after PCE. Back to flat (small
gap on cash market - opened flat as measured from the time the new
session started yesterday on futures)
I didn't expect the Trump bump to last anyway. Market hates
uncertainty.....and now it almost certainly has to price in the
possibility of a different candidate and what her policies might
be. We had two known quantities up until now.
Posted by icecoldjones on 28th of Jun 2024 at 10:02 am
well we're back up 45 bps on SPX so it's back. Everyone has
literally been saying for months"now is not the time to go long"
and it just keeps going up and up and up...
SPX - the Trump bump
Posted by DigiNomad on 28th of Jun 2024 at 09:27 am
SPX - the Trump bump evaporated after PCE. Back to flat (small gap on cash market - opened flat as measured from the time the new session started yesterday on futures)
I didn't expect the Trump bump to last anyway. Market hates uncertainty.....and now it almost certainly has to price in the possibility of a different candidate and what her policies might be. We had two known quantities up until now.
well we're back up 45
Posted by icecoldjones on 28th of Jun 2024 at 10:02 am
well we're back up 45 bps on SPX so it's back. Everyone has literally been saying for months"now is not the time to go long" and it just keeps going up and up and up...
That's how squeezes work...and this
Posted by DigiNomad on 28th of Jun 2024 at 10:03 am
That's how squeezes work...and this is one of the most epic squeezes in history. Completely fueled by derivatives and Gov spending.
1999 called.........
Posted by kingpin15 on 28th of Jun 2024 at 10:13 am
1999 called.........
And my future is getting
Posted by icecoldjones on 28th of Jun 2024 at 10:05 am
And my future is getting completely squeezed out of me... back to the salt mines...