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Free registration at the forum removes this block.Simple profit taking on the recent upswing?
Fund managers booking year end profit for bonus next year.Probably, or for tax purposes.
And these moves always happen around the same time of day, 1:00-1:30pm ET. Probably institutions.
The VIX has had bigger percentage up moves(20%) on a -2 handle move on the SPY. VIX went up 9.1% on a -1.45% move. That’s about typical 6 to 1 correlation.
I would be concerned if VIX continued to rise into Friday.
looking long term and using weekly timeframe charts it looks bullish,
No rate cut as expected.
He's FOS. They can't sustain high interest rates and keep the ponzi scheme going. He's just taking the ubiquitous freebie chance to cool things off by just using his largemouth bass flap.Federal Reserve Chair Jerome Powell speaks after Fed holds interest rates steady — 1/31/2024
Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Wednesday. The Federal Reserve on Wednesday...www.youtube.com
No rate cut as expected. To summarise they want to see more months of data showing inflation being tamed before normalizing interest rate.
He's FOS. They can't sustain high interest rates and keep the ponzi scheme going.
For March, the odds are at 50/50 for cut or no cut.
I'd put it at 99 NO CUT, 1 CUT.
They quite clearly stated they favor not cutting and given the rationale. It is more wall street hyping it hoping for a rally.There is a lot of political pressure as well. But in the last years, Powell has been in line with the expectations and has not thrown out unexpected surprises.
For March, the odds are at 50/50 for cut or no cut. And the market is not pricing that in. March is gonna be volatile for the markets.
$NVDA kills earnings... up $100+
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