Markets are at all-time highs as we await the FOMC’s latest decision on interest rates. Note that we’re going on 21 months of a yield curve inversion, the longest since August 1978 to May 1980. Interestingly, the market was flirting with new, all-time highs back then as well. Also interesting, that was one of many … continue reading →
Tag Archives: Powell
Futures have bounced back from moderate overnight losses in advance of this afternoon’s FOMC decision. continued for members… … continue reading →
Futures have bounced back from overnight lows in advance of Jay Powell’s comments at 12pm ET at the Economic Club of NY. continued for members… … continue reading →
Futures have broken out on a new VIX “breakdown” and the runup in NVDA shares – now the 4th largest component of the S&P500.This seems off to us, as Powell is likely to come out more hawkish than expected in his Jackson Hole comments. continued for members… … continue reading →
Futures are up 0.40% largely on bullish algo positioning……with VIX now down 13.4% since Friday’s 200-day moving average tag. continued for members… … continue reading →
He could have gone full hawk, but he didn’t. Even in the face of economic data (that the rest of us can now see) which was uniformly positive and a coming bump in inflation, Powell chose the route that best supported stocks. ES bounced at its SMA10 and is surging toward its .886 Fib retracement. … continue reading →
The OPEX meltup continued overnight, with futures up modestly to new 9-month highs. Powell speaks at 11am ET and might shed some light on the implications of treasury yields which have pushed to new cycle highs – reflecting a much more cautious assessment of the debt ceiling negotiations. continued for members… … continue reading →
They’re all important, but this one carries extra significance due to the potential for a slowdown in rate hikes, or at least the commentary regarding one. Futures almost backtested the 200-day moving average overnight, but are now essentially flat. After all the excitement yesterday, our targets remain the same across the board. If anything, the … continue reading →
Powell’s speech will take on added importance following the release of this morning’s hotter than expected Q3 GDP print on the heels of a big ADP miss. Futures are flat after completing the backtest of the trend line from October we had been expecting. continued for members… … continue reading →
Futures are flat following yesterday’s sharp selloff credited to the economic slowdown in China and hawkish Fedspeak. SPX closed below its 10-day moving average for the first time in 3 weeks, but is clinging to an important Fib level. continued for members… … continue reading →