Forex Forum Archive for 05/29/2022

jkt abel 15:34 GMT May 29, 2022
mkt

counting down to Asian monday opening, US holiday, so good timing for another gap up game for US indices, super solid monthly candle closing in the making here

Mtl JP 13:30 GMT May 29, 2022
mkt



CBOE Volatility Index VIX 25.72 down-1.78 (-6.47%)
US 10-YR: 2.743% -0.015

@elonmusk
⁩�It has been raining money on fools for too long.�
"Bankruptcies Need To Happen": Elon Musk Says Economy Is In For A Necessary "Rude Awakening"

the FED said that on June 1 - in 3 days - it stops buying corp bonds to the tune of $95Bn/m
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Bloomberg:
Dip Buyers Storm Back to Stocks After Selloff
- Investors add about $20 billion to global equity funds in week
- Summer rally �bandwagon� is growing, say BofA strategists
Sagarika Jaisinghani, May 27, 2022

Global equity funds saw their biggest inflows in 10 weeks, led by US stocks, as cheaper valuations lured buyers after a steep selloff on recession fears. .../.

Jkt Abel 12:47 GMT May 29, 2022
mkt

JP, they will need to prove it first to me that they have the balls to raise 1% at any given month. Anything below is already priced in. Fed is dangerously cornered here since data from now on will be bad and speculators read it as a signal that Fed will be forced to hike and then pause indefinitely and will eventually have to cut rates too. Stocks will not be killed, it is the backbone of all pension funds unless you want everyone commit suicide? Besides, Buffett is up to something when he bought 51 billion worth of shares in Q1 2022 alone.