Just 2 Days After The Fed., The US Dollar Resumes It's Fall and Bond Yields Drop. By Gregory Mannarino
This past Wednesday we heard from federal reserve chairwoman Janet Yellen, who’s somewhat hawkish tone caused a sudden sharp spike with regard to the US dollars value.
Well here we are now just two days later and the US dollar has already given back more than half of those gains.
As a matter of fact, I said specifically and publicly that I did not believe that the US dollar would hold those gains moreover, the action in the bond market is equally as interesting.
Janet Yellen‘s Comments, again being somewhat hawkish, caused a rapid and sharp spike in bond yields however, this is also reversing as cash is again making its way back into bonds-which I also said would likely happen...
It seems that the markets are again unsure about what the federal reserve is actually going to do moving forward, and the reason for that is quite obvious-the federal reserve itself never had a plan to unwind its balance sheet and has since revised it’s rate hike schedule multiple times despite promising more hikes moving forward...
Gregory Mannarino
FRIENDS, LIONS, TIGERS AND BEARS. TAKE ADVANTAGE OF THIS! 100% FREE eBook, Downloads, Chat Room, Commentary, ALL ON MY WEBSITE. Have a look! Click HERE: https://www.traderschoice.net/
Congratulations @marketreport! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPBut... Everything is okay, nothing has happened, and nothing will happen! I am changing my well diversified savings and putting it all in a 401K.
/sarc
Funny. me too
Yes watch the show and the pretty assistants, not the magician's hands.
Rest assured, Fed will raise interest rates with greater conviction when others Central banks start to raise their rates (BOE, BCE ...), otherwise the rates gap would be too high and this would lead to enormous dollar strength, which Trump, as repeated on several occasions, doesnt' want.
Greg is working on the wrong premise in the first place. Janet Yellen's spew was "hawkish" on Wed? Not the Janet I heard spew. Janet said she would drop the Fed funds rate if 2% inflation couldn't be acheived...then she'll QE if that doesn't work...finally, she will drop her panties. Greg will actually "beg" Janet to "QE"...as chances are good she will actually drop her panties first. Did you see the gleem in here eye during her speech? I think she's horney for Greg. So that's my call for 2017. Janet drops rates, then drops her panties but can't get inflation to hold steady above 2%...gold down to $800/oz...Greg begs Janet to QE over pulling her bloomers back up. Log this purrdickshun in just in case I forget it. target date for all to materialize? >>> May of 2018...depends...Janet may actually wear depends and then it is "unlikely" she drops em. Gotta hedge my calls...like Maalox Mannarino does. :-)
Buy gold!!
Greg just issued a "buy the pullback!" call in silver, gold, and BTC just yesterday in his new video blog. So that's what I will "rate" his call based on. Silver abouts 16.10...BTC was at $3650.00. I think he should bought at $3000 personally...but he was too buzy beitchin about Jamie Dimon...who just got finished shredding Greg's ass. :-) Glad Greg makes it eeeeasy to determine where he stands. Aren'tchu?
Yea, I've bought the pullback in the metals, I'm trying to get back into Bitcoin in the next few days. I'm hoping it drops down to $3000 again
If BTC sees $3K it will "likely" trade down to where the entire "frenzy" wave started. remember, millenials with Utube crypto channels were up all night long downing red bull, pizzas, and chinese takeout that fateful Fri night as BTC moved from $2800 to $3200...and held steady. There were more visions of sugar plums that night then ANY night I can remember since I started tracking bitcoin...which was on the Fri that the S.E.C. denied the Periwinkle twins the right to trade their ETF >>> freely...and "openly"...on the U.S. market exchanges. Never understood why you guys preferred the "wild west world" of "actual" bitcoin trading. maybe Greg will know. Yo! Greg!...do you have a $2 Ebook on that? Thanks, bro.
Aren'tchu........
gesundheit!!!!!!!
Tanks...but ya shuda waited for the second one as the postman always sneezes twice. I'm glad I waited on Greg's call to buy AAPL on Mon...on the open yet...
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=aapl&x=51&y=19&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
...aren'tchu? :-)
This is incredible! Love it. @marketreport
always interesting to read your reports - upvoted
Keep loading up on gold and silver, it's still on sale.
You are 100% correct.
Flattening yield curve is being imposed by the FED. :-))
You forgot to add >>>"...and since market driven rates are traded every day by anyone who wants to, the Fed obviously has nothing to do with a flattening yield curve...so scratch what I just said."
Great post thank you so much for sharing
You are very welcome.
This post has been ranked within the top 50 most undervalued posts in the second half of Sep 22. We estimate that this post is undervalued by $18.53 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Sep 22 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.