I better stick to this blog because i get too emotional talking to others that dismiss me out of hand. I do realize this is another big lottery guess. I MUST make it yet again as i did in October. The curtain is drawn and some of the FED characters are mentioning they might, just might bring larger rate hikes and longer. I guess after the blockbuster 3 events, JOBS, RETAIL SALES and CPI/PPI reports they had to say something?
Does anyone look back at history to see what happened each time the raise rates to hit the magic number of SIX? Why ask, they didn't look back at a pandemics path so why bother this. Anyone not thinking in terms of large rate hikes and long rate hikes just has to go back to bed.
Maybe, just maybe the street in unison has figure out that this market is SCREWED? No, maybe not yet. I watched this mornings Bloomberg reading of the PPI and the look was a classic ashen face, shaking of the head, not again news. Concerned and questioned basically why this market is still standing. No not literally but he raised legit questions and assumptions that made him think this day was not going to end well. But it did, they all do. As good as can be expected AND maintain a BULLISH stance.
So the market shrugs this off and pretends a Bullish Stance? I am only guessing we waited long enough and see signs that we COULD drop from here. But i saw that in late October as many others did. Will know if there is a chance of a big drop by tomorrow. It has to end badly but not necessarily deep down.
If i am wrong yet again i stop this nonsense trying to GUESS why the street can't see the obvious.