The Fed is about to deliver a ‘punch in the face’ that markets aren’t prepared for, Peter Boockvar says
"The Fed is trying to ease the effect of their rate hike cycle by being very transparent," Boockvar told CNBC's "Futures Now" this week. It is "trying to convince us that quantitative tightening is like watching paint dry."
Fed chair Jerome Powell is carrying on Janet Yellen's legacy of full transparency by prepping the markets as best as he can for inevitable monetary tightening. The Fed's message of 'steady-as-she-goes' rate increases has calmed Wall Street into thinking this will mostly be a smooth path higher.
Red, is that over 90% chance of happening and getting rich within a short time frame? I would love to do that at open i.e. sell euro for low 1.17 and stop above 1.1790
Mtl JP 20:46:45 GMT - 05/18/2018
nh here is loretta aping the pope
..."Systematic and transparent application of financial stability policy would seem to be as important as it is in the conduct of monetary policy. Still, we are a distance away from being able to articulate a clear strategy and a set of principles to guide decisions about the circumstances under which monetary policy should be used as a tool for financial stability and when we should rely upon macroprudential tools."...
not very often DJ closes within one point of open
+1.1pts or +0.0%
london red 16:11:24 GMT - 05/18/2018
stops abv 11790 old fib. will be 3rd day running if euro closes abv. wouldnt mean necessarily it has bottomed but cant stop moving lower after a bottom formation so would expect down to 117 early nxt wk.
Mtl JP 15:36:07 GMT - 05/18/2018
lets see how amazing the blue line is/will (not) be
dc CB 14:29:29 GMT - 05/18/2018
dow futures are free to pop...as Google is not in there. NAZ and S&P are hampered by the 60mins feature on sunday. Tho that show ain't what it used to be 25years ago as far as "influence" goes. GOOG dn 15, GOOGL(the parent) dn 13
london red 14:09:51 GMT - 05/18/2018
just keep an eye on stocks which are still able to derail this thing. 2687/2695 key sup frm broken triangle. expect a few stops on a false break signal. no reason for a break lower at those levels but if happens, likely to see a bid in bonds//follow thru to usd.
london red 13:56:20 GMT - 05/18/2018
in terms of st there is an hourly channel by 11740 to tgt while topside at 75/80ish
london red 13:54:09 GMT - 05/18/2018
cable 13450 barrier again appears under threat. sup at 13380-134 and worth a long there is seen as a countertrend trade.
euro small barrier at 11750 lrg at 117. fib lt fib at 11710 and more key sup down to 11680. i would expect a bounce 11680-11710 but a close below there today tgts 11550.
Livingston nh 13:22:49 GMT - 05/18/2018
Does USD/TRY 5.0 trigger capital controls?
What happens to oil if President Trump applies Big Stick instead of Good Neighbor to Venezuela?
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John M. Bland, MBA co-founding Partner, Global-View.com
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