Low volume meltup? Unless volume picks up just seems like it will drift higher though dollar strong, smalls weak, treasuries weak... seems like SPY should be down but no volume so just levitate until volume comes.
Their QT is not really QT in the old sense where they are actively selling just letting securities mature. If they actively sold their MBS holdings not sure there would be a market anymore or interest rates for mortgages would be north of 10%.
trying to catch knives with calls is not fun, that being said seems overdone in short term given dollar not surging and credit spreads not widening. They are not confirming move down.
Seems like this selling is overdone, Dollar is lower, long end bonds recovering losses, support holding, VIX slightly falling... risk/reward skews higher today i think
Everyone is looking at the same green shoot. :D in my humble opinion, if this (markets in general) does not rocket up up today, this is last day to get out. Apple FINALLY broke down and has a ways to go, and QE restart test is a bit meh in britain, not good. Godspeed to anyone living in FLA. Second...
Everybody and their cousin is expecting a re=test of the FOMC range low. Wondering if the rule that if everybody expects it the market does something else may apply here. I'm curious to your source of everybody? I haven't seen any mention on any boards. Might be possible though! Futures Trader 71 i...