Dow Down 500 Points From Bullard Bounce, 10Y Under 2.00%, Oil Below $30 As Rate-Hike Odds Collapse
Since The Fed unleashed its liquidity-withdrawing, confidence-inspiring, inflation-creating, growth-related rate-hike, things have gone a little bit pear-shaped for the policy-makers-in-chief. Gold has soared, stocks have plunged, but perhaps most ominously, bond yields have collapsed as policy-error (or naked bathers) are exposed. 10Y yields are down a stunning 33bps from The Fed decision, breaking back belowthe crucial 2.00% for the first time since October. The odds of a March rate hike are now under 25%!!
And now the next hike is most likely not to occur until October...
Error?
As 10Y yields crash below 2.00%...
And The Dow is down 500 points from Bullard Bounce highs...
As Gold and Silver surge...
Charts: Bloomberg
(10 votes)
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The Wreck of the Edmund Fitzgerald:
https://youtu.be/hgI8bta-7aw
Does anyone know
Where the love of God goes
When the waves turn the minutes to hours?
gordon lightfoot knows
So we have this smart asses jacking up rates 25bps, then 2 months later cutting and then 2 months after that jacking it up again? Why would they have anymore credibility anymore.
What rate hike?
Wonderful lyrics by GL weren't they?
So when does the PPT enter the scene? Can they afford to wait until 3:30P as usual? I'm sure that the Cartel "Golden Rule" that Gold CANNOT increase by more than 2% in a day will be rigidly enforced. Gold needs to close convincingly ahead of the relevant MA (At around 1115 or so, to really get into breakout territory. And the Cartel will fight that all the way...
PPT waits until after the Congress and the Golden Sack get their longs on, then they pump-a-lump . . . with taxpayer $.
Undo, undo.
DAMMIT....UNDO!!!
And in addition to an audit of The Fed, can we PLEASE have an audit of the ESF? Where in the history of the "Free Owrld" has there ever been a completely "Off Balance Sheet" Slush Fund which is legally able to manipulate ANY "Market" it wishes to without any accountability? Another Petro-Dollar privieige that will soon be exposed and expired?
And whilst I have no idea who "Edmund Fitzgerald" was, I sincerely hope that if a ship is named after Mohamed Justin Trudeau, that it meets a similar fate?
So a rate hike spooks the market, the zombie junkie spends a day thinking about sobriety, but gives up and buys a bag? What now? Rate reduction? NIRP? The damage is done, the curtain was open just long enough. Do they really think that they can jam that block back into the teetering Jenga tower?
So a rate hike spooks the market, the zombie junkie spends a day thinking about sobriety, but gives up and buys a bag? What now? Rate reduction? NIRP? The damage is done, the curtain was open just long enough. Do they really think that they can jam that block back into the teetering Jenga tower?
If you can Rhyme Gitshegoomie....you can do anything...
If you can Rhyme Gitshegoomie....you can do anything...
If you can Rhyme Gitshegoomie....you can do anything...
If you can Rhyme Gitshegoomie....you can do anything...
Echo in here today?
Like the head bobbing, of a $10 whore in Tijuana on Saturday night...
As we grimace like the co-star of the Tijuana Donkey Show.
(The Donkey has to be the star, right?)
pods
But obammy just told everyone the other night that everything was doing great. He must not read ZeroHedge.
I guess it's just us pesky gun owners messing everything up.
No worries, in six hours at 3:30 the PPT will Rally the Market.
No worries, in six hours at 3:30 the PPT will Rally the Market.
No worries, in six hours at 3:30 the PPT will Rally the Market.
wont help the trend
The searchers all say they'd have made Whitefish Bay if they'd put fifteen more miles behind her..................................
1.98 just now.
"One Bubble to rule them all, One Bubble to find them, One Bubble to bring them all and in the darkness bind them ."
Trembles : Janet
Janet woke up, checked the futures market, and threw up in her mouth a little bit.
One day we'll all laugh.
https://youtu.be/By9kntV0cbA
Is that you, francis?
The Fed is going to keep stealing your money, until your moral improves
There will be no real recovery what so ever!
The elite will soon run and hide in the bunkers paid for with citizens taxes, after engineering a full economic collapse as well as starting WW3, plus they will make sure that there are enough Jihadi's in the West to start a race war.
That should be enough to cover up the failed fiat ponzi scheme and take care of the 'excessive' population......
http://beforeitsnews.com/global-unrest/2016/01/the-lion-is-it-time-to-fi...
There will be no real recovery what so ever!
The elite will soon run and hide in the bunkers paid for with citizens taxes, after engineering a full economic collapse as well as starting WW3, plus they will make sure that there are enough Jihadi's in the West to start a race war.
That should be enough to cover up the failed fiat ponzi scheme and take care of the 'excessive' population......
http://beforeitsnews.com/global-unrest/2016/01/the-lion-is-it-time-to-fi...
10 year T yield.. ----> 1.5% heeeeeere it comes....
:D
Looking for 1% ultimately, maybe lower. Maybe by 2018 when negative interest rates and people's QE have gone full retard.
short end of US curve may go negative in 2016 - simply look at Euro markets.
realistically, we could see 1.35%, outside chance of 1.15% in 2016. That would occur with asset bubble leaking/bursting which is ultimately a Great Asset Repricing.
long SPXU and TLT. SPXU ripped my face off yesterday down 5%, but up 7% pre-trading - so up 2% over two days.
I see SPXU hitting 45 within a few weeks or sooner. Last August it hit 49.
Good Luck.
NoVa
Who was STUPID enough to believe that the FED was starting a RATE HIKE CYCLE?
The Fed.
CNBS:
BREAKING: Fed's Dudley: Rates to rise gradually, outlook unchangedExactly. The Fed did start a rate hike cycle. There are still people out there that are desperate to believe it never happened.
The FED was pretending when it did happen.
No, I think they are dead serious about it. It certainly wasn't a "policy error"; it was quite deliberate.
I asked this the other day, so this question isn't necessarily directed towards runningman, can anyone give an example or metric where this rate hike has manifested itself? The banks didn't raise the interest rate on deposits and I see bonds are lower than before the rate hike. Is it just the amount of interest on CC's and/or loans the banks make to the public? Seems like the banks could do that without a rate hike. What am I missing here?
the eko-no-mists.... so Osobuco could say... the economy has revovered...
pathetic
:^O
The rate hike was sacrificing a bishop and distracting the markets.
The next move is the currency war queen. Check and mate.
i castled, said the expat...
Bonds are trying to self NIRP.
Sounds sticky.
Repeat after me: Flattening Yield Curve.
Obama said " I'm bullish on economy". Last time I heard that some was bullish so blatantly, he was the CEO of EXODUS (NASDAQ:EXDS) few months before they went CH11.
Maybe he had to say (or meant)..."I'm BULLSHIT on economy."