LIONS! Weak Economic Data Means Opportunity Before The Fed. Announcement. By Gregory Mannarino
Today we got even more evidence that the Federal Reserve's near decade-long supercycle of interest rate suppression has simply not worked.
Retail sales today, reported the biggest drop in 16 months and despite a money printing binge unlike anything ever seen in the history of the world-the Federal Reserve continues to miss its inflation target.
The immediate response to this bad economic news was a selloff in the financial sector.
The reason for the selloff in the financial sector is very simple, the Federal Reserve will have to back off of their monetary tightening cycle.
Later on today, we are going to hear from the Federal Reserve regarding monetary policy and I still fully expect to hear that the Fed is in fact going to raise the federal funds rate 25 basis points. However, in light of the continued bad economic news, of which we keep getting round after round of, I believe the Fed will strike a dovish tone with regard to for the rate hikes-and this is where opportunity lies.
Capitalize on this.
Because I believe the Federal Reserve is going to strike a dovish tone with regard to further rate hikes later on today, I expect to see some pressure on the financial sector and a rotation back into tech, this is opportunity my Lions!
Be sure to check my website TradersChoice.net for my most recent stock picks. Click here: https://www.traderschoice.net/money-page--stock-picks.html
Gregory Mannarino
Buying silver :)
What a swing for precious metal today. Pressure remains down till any divergence forms.
meanwhile the BOC is thinking about raising interest rates in this bubble real estate. When should we call this pop Greg?! And how do we profit on it :)
The central banks never had an exit plan, all they know is how to inflate and there is going to be a terrible price to pay for this at one point. Until all these bubbles burst we will simply look for opportunity to rip the face off all of these distortions. Moreover, when these bubbles burst we will take advantage of that big time.
The last bubble to burst will be the one from people blowing chewing gum bubbles. But those people will be standing still because most people can't even walk and chew gum at the same time!
Rip the face off the bubbles!
no choice but to play in the reality we are given. I have 4 kids and I'm scared about what their future will bring. Pacified with all the creature comforts as well. Bad is not the word to describe it.
Of course they don't have an exit plan. The question is whose balance sheet is better? The Fed's or the ECB's? My vote is the Fed and that's why I refuse to believe this sell-off in the USDX is real until we get a real washout in the Euro, which, so far, they have avoided.
LMAO! You are getting CRUSHED on both sides of your 3 tech trades. How do you do it? LMFAO!! Go ahead and close em out so I can post you losing results at my Greg Bananarino truth in disclosure blog. Can't WAIT for your next dummass trade. Don't forget to flag me, clown. :-)
The whole worlds interest rates rise with the US rate as it's the world base currency. The country's central bank might not officially raise theirs but the highstreet banks will to cover costs. It happened last time here in Australia home owners found their mortgage rising by 1% to 2% as well as restrictions on offset accounts and increased account charges.
With the Australian private debt to GDP now at 223.38% any increase will effect the whole economy.
China is cutting off the flow of money into Canadian real estate on July 1st. This continued move out of the dollar will also stop that flow. If the BoC raises rates they will collapse the Canadian financial sector. I think we have another 1-2 months, max of euro/EM strength at most.
I hope one of these days the precious metals actually break out, I can hope. But they can always sell 50 millio. In paper contracts. What a corrupt system we are engaged on. Sure makes cryptos give us hope.
Don't think they won't try and corrupt the cryptos
Thanks Greg. You are very accurate on Fed hike calls!
Thank you for keeping us informed! Metals are moving higher!
Greg, thank you for all the info and it's time to buy silver
I Am Buying More Silver As We Speak ! And Gold Is Moving Higher Today Too !
Oh great, don't tell me this clown said to buy silver too. No trade in SLV showing up at his LemmingsVoice.bomb web blog yet. He's certainly getting his ass kicked on all 3 of his new tech straddles tho. 3 more losers like his MCD straddle ended up being. Can't wait until he closes em out so I can post the "actual" results at my Greg Bananrino truth in disclosure blog. Hard to believe you can lose $$$ by taking the same side of the same trade...isn't it? Greg's an ex-spurt at it. :-)
sounds like you have a bone to pick. Want to disclose why you are trolling him? I'm on steemit because of him and I haven't given him a penny.Some people think something is VERY wrong with the economy.
It's OK to think that there are things wrong with the economy. But I have a pet peev against hucksters like Greg Bananarino. He can talk about the economy all he wants but if he wants to continue to hide behind trades that can't "easily" be figured out by the lemmings he is preaching to then that's where I step in to show how things work in the "real" world. He pretty much eliminated ANY chance at generating gains in any of his 3 new tech trades unless he closes out the long side of the trade with losses and holds the short side of the trade. Of course he is too crappy of a trader to realize this. And he knows you are too gullible and inexperienced to figger out the way things really are. I tracked his trades at Utube and verified a losing % well over 90% on the trades he posts. he could "censor" me at Utube. he can't censor me here. I will continue to log "the truth" about the trades he posts. And I will continue to hound this huckster until he either shuts the fuck up...or the market itself shuts him up.
Did we see that false flag event today that you mentioned was coming last week?
Upvoted and resteemed said the stacker of shiny metal!!!
Here we go...
Thanks for the info. I think interest rates will rise.
I have same question!