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Today's Economic Highlights
Just the Dallas Fed’s Texas manufacturing index this morning as not even a POMO is stirring today….
10:30: Dallas Fed manufacturing index for Dec…will it show continued growth? This index pulled back into positive territory in October after three months in seriously negative territory, and it rose significantly further in November. If the New York and Philadelphia Fed indexes are any indication, it will consolidate those gains in this report.
Median forecast (of 6): +17, ranging from +12 to +18; last +16.2.
11:00: No POMO today
Sourced using Goldman data
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Sourced: using Goldman data..._) jaja.Funny
Today sell off prelude¡
Deflation all over Europe ---excessive leverage specially in Real Estate.
My daily highlights:
07:24: Shit 5lbs of dung and clogged toilet today.
07:26: Consumed massive amounts of Metamucel with fiber equivalent to that contained in my rattan wicker patio furniture.
07:31: Unclogged toilet with bare hands.
07:34: Wrote all about it on ZH.
Hilarious...
There hasn't been a decent dip since August. There was almost a dip in November but 4-5% hardly counts.
I have a feeling there is going to be plenty of fucking dip to buy in January.
1.228 is my intermediate target for next bearish wave.
As the expected liquidity at 11am isn't there the typical sell volume increase is met with no Fed buyer thus, something happens?
No POMO............NO MOMO