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Stocks Slide After Fed's Evans Takes October Off Table, Fears China Growth Weakness
It appears bad news is bad news again. Fed's Evans just played "bad cop" to any hopeful talking head (Fed's Dudley earlier predicted US rate hike this year), implicitly taking October off the table...
- *EVANS: POL SHLD BE SOMEWHAT MORE ACCOMMOD THAN SEP SUGGESTS
- *EVANS: APPROPRIATE FOR FED RATES TO STILL BE SUB-1% AT END-2016
- *EVANS SAYS SLOWER GROWTH IN CHINA AMONG RISKS TO U.S. INFLATION
The market's reaction to this "way lower for longer" comment was negative.
So once again the market has no idea who to listen to and The Fed's communication strategy is entirely FUBAR.
Rate-Hike odds have dropped with January now back below 50%... (note Dec 2016 odds show 17.2% chance that FF >1%)
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Eventually everybody will finally understand that the Fed will never raise rates again. By the time they do it will be too late...., for them.
In principal I agree with you, but I think the reality is more or less this:
The fed can never tighten for more than 12 months but probably will do a 50 basis hike within the next 12 months. Its a headfake and they will resume with QE shortly after and the Fed will lose control of the long end of the curve down the road.
"EVANS: APPROPRIATE FOR FED RATES TO STILL BE SUB-1% AT END-2016"
Sub-negative 1%?
I'm lovin' it! Bring it' bitchez. Do your worst.
This Evans guy is really saying some outrageous things at his talk. Did he take his meds today?
and some idiot in another post was babbling about how Silver has "ceased to be a store of value and will never be considered money anymore...."
yeah...ok
Was it Methman?
"I can dig it outta the ground for $5 an ounce."
Those were the fun days around here.
pods
nah...another dude who names matters not.......
There is a difference between being a fatalist and being suicidal and we're crossing over from one to another right now.....
nah. the algoz are just taking friday off since the s&p is safely above 2000 it is mission accomplished slash miller time.
It's like fucking waiting for Godot.
roisaber,
You're absolutely right there.
DavidC
FUCK YOU, GODOT!!!!! BASTARD!!!!!!!!!!!!!!!!!!!!!!!!!!!!
In the world controlled by a criminal enterprise, price action is the fictional overlay designed to blind the masses from reality.
Thank God they're sliding. I thought they might be PLUNGING.
+1..., Lol
and perfectly timed to take the only 2 forms or real money off the phony paper price highs goin into the close of the CRIMEx in the city of large rats.....
classic moneychanger bullshit....
http://www.livecharts.co.uk/MarketCharts/silver.php
http://www.livecharts.co.uk/MarketCharts/gold.php
I don't know how to make a sideways eight....what is the probability of zero rates forever mr evans?
why dont they just make the pct of each month of a rate hike the real number which is ZERO PERCENT CHANCE!!!!!!!!!!!
Hi all,
Am new here but was just wondrring: why are equities sliding after this announcement? Wouldn't this generally be a bullish announcement since cheap funding will be available for longer? Or is it indicative of the possibly weaker economy & inflation data?
Any insight would be appreciated.
Yes, the following insight should help: they are bastards!!!!!!!!!!!!!!!!!!!!!!!!!!
I appreciate your enthusiasm but that was less than helpful..
Yes, the following insight should help: they are bastards!!!!!!!!!!!!!!!!!!!!!!!!!!
Because Lockhart said possible hike in October. The market aka Fed Confidence Index is confused.
Thanks mr. Inhaler!
Peter Schiff and Richard Duncan are 100% correct.
It's 0 or negative rates and QE until the bottom drops out of the dollar.
At some point the market will force the Fed. As someone said previously, at that point it will be too late.
Announces Federal Reserve bank of China.
And what communist central planning Friday wouldn't be complete without a ramp into the close. Don't the computers ever go home early?
EVANS: APPROPRIATE FOR FED RATES TO STILL BE SUB-1% AT END-2016
Is there a space missing? did Evans mean below -1% rates, ie NIRP?