SPX - if you think the Fed wouldn't do something that would
spike the market higher at all time highs and that they don't
realize where the market is and know that tons of algos would kick
in to buy the market if we clear resistance, maybe you weren't
around last year during late October. If they really believe
the economy is weak (50 would be STRONG confirmation), they know
that the wealth effect from equity markets is a huge driver and
wouldn't want to screw themselves by pushing it the wrong
direction....even as they know it only benefits the wealthy.
They are stuck in a box, but when faced with somewhat binary
decisions like this they always resort to financial repression to
bail out the wealthy (wealthy corps and individuals) at the expense
of the rest.
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SPX - if you think
Posted by bthefnd on 17th of Sep 2024 at 04:42 pm
SPX - if you think the Fed wouldn't do something that would spike the market higher at all time highs and that they don't realize where the market is and know that tons of algos would kick in to buy the market if we clear resistance, maybe you weren't around last year during late October. If they really believe the economy is weak (50 would be STRONG confirmation), they know that the wealth effect from equity markets is a huge driver and wouldn't want to screw themselves by pushing it the wrong direction....even as they know it only benefits the wealthy. They are stuck in a box, but when faced with somewhat binary decisions like this they always resort to financial repression to bail out the wealthy (wealthy corps and individuals) at the expense of the rest.