So far great week. Tricky week nonetheless. Now with FOMC mi...
So far great week. Tricky week nonetheless. Now with FOMC mins out, many are saying retailers have misunderstood the FEDs and they are not actually going to reduce rataes too early as it could lead us into a stagflation.
Does this mean we get higher hikes on Sept? Sept is usually a bad month just like july - aug is usually the months where we get bear rallies in a bear market, will we continue the rally or start reversing soon?
As of now, rally still looks like it can go higher but there is definitely lots of weakness coming in to resistance near 13900. We got near but did not touch it. Do know your moves on where to stay bullish and where to be bearish!
Investing 101
OPSilverbat
:
yeah you gotta choose the narrative. Inflation peaked? or reduce interest rates? if reduce rates, you will see inflation continue going up.
Investing 101
OPdwarrior
:
50bp is priced in honestly. 75 and 100bp not yet. 3.5% is what bullard wants. 4% is what is probably needed by EOY. they might shift it up soon as CL is showing bullishness and about to spike right back up for another rally. Could be a lower or higher high. But this spike will push CPI up again. and we all know CPI everything went up except oil. So if oil goes back up together with food prices etc, CPI will definitely be higher next reading.. which means inflation peaking is nonsense narrative.
W Chiang :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Silverbat : FOMC probably reduce rate in Sept to prevent deflation and higher consumption
All in everyday Silverbat : inflation hard fall if like this...
Investing 101 OP Silverbat : yeah you gotta choose the narrative. Inflation peaked? or reduce interest rates? if reduce rates, you will see inflation continue going up.
dwarrior : Lol. I think 50bp at least. What is impt is any more hike this year and next year.
v1invest : Give it .75
Investing 101 OP dwarrior : 50bp is priced in honestly. 75 and 100bp not yet. 3.5% is what bullard wants. 4% is what is probably needed by EOY. they might shift it up soon as CL is showing bullishness and about to spike right back up for another rally. Could be a lower or higher high. But this spike will push CPI up again. and we all know CPI everything went up except oil. So if oil goes back up together with food prices etc, CPI will definitely be higher next reading.. which means inflation peaking is nonsense narrative.
dwarrior Investing 101 OP : Need to wait for sep then. Now everyday up down up down.. lol
dwarrior : SPY strong resistance at 430
dwarrior dwarrior : Everything like stuck within a range. Going to sleep early tonight
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