Pity Powell. Market Crash is a volatility driven VALUE AT RISK Event.
You have to feel sorry for new Fed Head Jerome Powell starting his new job yesterday: Powell is going to find he has three jobs: Inflation, Jobs, and managing Trump who might well think a falling stock market is a Fed Plot to discredit him. Does that increase the risk of a policy mistake?
U.S. stocks open sharply lower; Dow drops 521 points
Mtl JP 14:20:25 GMT - 02/06/2018
09:15 S&P 500 index off 0.2%
09:15 Nasdaq-100 futures up 0.1%
09:15 Dow futures slip 157 points or 0.7% lower
09:15 Stock-market futures pare losses but still looking at mostly lower open
- MarketWatch
Mtl JP 12:57:37 GMT - 02/06/2018
Powell , the sly fox, used the plural of "I" (our, we)
“Today, unemployment is low, the economy is growing and inflation is low,” ... ... “Through our decisions on monetary policy, we will support continued economic growth, a healthy job market and price stability.” - in a brief video statement on the FED's website
You could think Powell is a democratic consensual team player rather than a fearless and inspirational leader
GVI Trader john 12:50:30 GMT - 02/06/2018
This amounts to a "Taper Tantrum" for new Fed Chair Powell. Is he going to capitulate or stand up to the markets? This is a major test of the new guy.
Mtl JP 12:33:47 GMT - 02/06/2018
all sorts of opportunities all-over and everywhere
markets are not crashing, market commentary stinks and that's all the story.
Dil
Livingston nh 12:28:55 GMT - 02/06/2018
non-equity markets have been relatively calm - Treasurys didn't really move until late yesterday -- BUT the speed of the drop and the extent created margin pressure and mutual fund (ETF) selling late -- SO now other market margin becomes a factor as STOX margin call require cash
Everybody has a personal bogeyman villain to blame for STOX but this time there is no geopolitical (Brexit China back to back) cause just plain old vals/vols - a lot of "money" went poof and isn't available for BTD ("Ray Dalio runs Bridgewater, the world’s biggest hedge fund, and he has a message for those freaking out about the recent selloff: Relax... for now.
“These big declines are just minor corrections in the scope of things,” he wrote in a LinkedIn post. “There is a lot of cash on the side to buy on the break.” ) Remember the Sweet Spot 2 wks ago
Today, things will look better LATER but see how much expectation there is for a Fed hike in March -- everybody wants a crutch // if the FOMC in March gets taken off the radar the USD will get hit
GVI Trader john 12:10:03 GMT - 02/06/2018
Equities just took a leg down. 10-yr sub-2.70%
Mtl JP 11:47:09 GMT - 02/06/2018
which - do you think - 2-yr or 10-yr paper is in BoD ?
not for you personally, but for market players as a mass
GVI Trader john 11:44:42 GMT - 02/06/2018
volatile, choppy. Its reacting to equity futures changes.
Mtl JP 11:41:43 GMT - 02/06/2018
john 11:0 what does "all over the place" mean ?
GVI Trader john 11:06:02 GMT - 02/06/2018
10-yr 2.721% all over the place but still have a flight to safety bid.
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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