Just trying to figure out why we went where we did. Oof 6/17 was gapariffic, wasn't it...
Dimon needs to shut his piehole
Dimon needs to shut his piehole
8 of the last 10 FOMC events have led to a market rally
— Cheddar Flow (@CheddarFlow) September 21, 2022
Source: Bloomberg, Valérie Noël pic.twitter.com/XA0SJJHVdA
***WARNING: Long and slightly rambling post***Bnels1323 said:Current market expectations for path of Fed Funds Rate...
— Charlie Bilello (@charliebilello) September 21, 2022
-November: 75 bps hike to 3.75%-4.00%
-December: 50 bps hike to 4.25%-4.50%
-Feb 2023: 25 bps hike to 4.50%-4.75%
-Pause
-Rate cuts start in Sep 2023, continue in 2024...
Upward shift of 25 bps today after FOMC statement. pic.twitter.com/kfC6peRe8u
Thought this was interesting for long-term outlook
You're right. I misspoke in my haste to get out the door.$30,000 Millionaire said:
You said all time lows. I don't think you mean 1930s lows. Let me know if I'm wrong. We are not going to see 2001 and 2009 lows either. In fact, my absolute floor is 2750.
Covid lows on SPX was around 2350-2450 when 6 month to 1 yr stay at home was being floated about, especially by that lying crying ********** that went on CNBC. There was fears of massive global deaths and idiots hoarding toilet paper instead of non-perishable food at the time. I just can't see higher interest rates and recession can repeat mass panic. Now, if Putin launches nukes and/or China attacks Taiwan, then we're in agreement somewhat. If either of those happen, those covid lows will be easily taken out. It won't matter though, because the world is ****ed.Buck Compton said:You're right. I misspoke in my haste to get out the door.$30,000 Millionaire said:
You said all time lows. I don't think you mean 1930s lows. Let me know if I'm wrong. We are not going to see 2001 and 2009 lows either. In fact, my absolute floor is 2750.
Call it 5 or 10 year lows vs ATHs. I think we'll see the 2000s for sure. I think we'll test 2016, 2019, or COVID 2020 lows in the low 2000s. In real vs. nominal terms they very well may be 2009 lows. If you made me bet if we saw 5000 or 2500 next, I'd bet on 2500. But seeing 2016 lows below 2000 nominally would surprise me given inflation.
Powell said the housing market has to tank to curb inflation.Philip J Fry said:
So what happened at 3pm that caused this nose dive?
futures look like they want to at least test 3770. I'm guessing continuation down into the morning.lobwedgephil said:Powell said the housing market has to tank to curb inflation.Philip J Fry said:
So what happened at 3pm that caused this nose dive?
Breaking 3800 we lost the trend line from Covid lows, to this years lows. If they can't recover that, probably uglier tomorrow.
BlueTaze said:
There are 2 threads about Fed rate hike on F16. Might be good indicator we are getting close to a relief bounce.
On other hand, 3775 major support is breaking down now on futures.
#CNBC if there’s ever any proof that CNBC commentators are just guessing like everyone else… well here ya go..
— Heisenberg (@Mr_Derivatives) September 21, 2022
Josh Brown sure had his face ripped off alright… pic.twitter.com/XcOW6AFiJO