Spoo …macro levels have not changed. Spoo/Bond is not promising for the bulls. There is a lot going on between tonight and tomorrow’s Powell speech. Gold needs to sustain up here for much higher targets.
Powell was given cover by every economic heavyweight to pullback on QE and he balked!. Money for nothing will keep asset prices bouyant. Month end is Tuesday which should keep capital flows positive into the mid-week shuffle. No bloody selling … Continue reading
More money for nothing. Powell spoke and it’s to be determined how the market will respond. Materials and a few select names went bid. I am not reading anything into today’s price action nor am I getting traders leaning one … Continue reading
RBNZ said they would entertain negative rates. Kiwi Dollar paid the price for that lunacy. https://yragharris.com/2020/05/12/gibberish/ Druckenmiller Says Risk-Reward in Stocks Is Worst He’s Seen https://www.bloomberg.com/news/articles/2020-05-12/druckenmiller-says-v-shaped-recovery-for-u-s-is-a-fantasy Powell will be speaking via video conference today. Negative rates will be on the … Continue reading
Daily Market Intelligence 2-12-20
Trade deal has faded into oblivion. Powell’s speech in Denver this afternoon has the potential to be a very large market moving event. Expect market volatility if Powell starts walking back a rate cut. All U.S. Treasury Futures held their … Continue reading