I need a place to occasionally store my thoughts, not a place for dialogue, self-promotion or teaching.
Powell just delivered a deadly FOMC press conference today.
Higher for longer, until something breaks and takes us back to ZIRP and QE.
Hard to be bullish after the close on futures (I mainly trade ES, ZN and UB + swing trades on FX + commodities + LT investment on stocks).
We may trend down until the midterms after which I would expect some sort of a Santa Rally fuelled by year-end flows + CPI and job data that may hint at lower rate hikes in December.
Weekly gap at around 3600 on ES - This may be a decent place for longs, either cash or Jan 4000 calls - I don't see 3500 breaking in 2022
Powell just delivered a deadly FOMC press conference today.
Higher for longer, until something breaks and takes us back to ZIRP and QE.
Hard to be bullish after the close on futures (I mainly trade ES, ZN and UB + swing trades on FX + commodities + LT investment on stocks).
We may trend down until the midterms after which I would expect some sort of a Santa Rally fuelled by year-end flows + CPI and job data that may hint at lower rate hikes in December.
Weekly gap at around 3600 on ES - This may be a decent place for longs, either cash or Jan 4000 calls - I don't see 3500 breaking in 2022