11/28/2018 Live Update

[Cobra]

wow, must be a trade deal news which could be from unnamed sources, so wait to see whether it's for real.

[Al_Dente]

they're already commenting on Powell's speech
"we're hanging on those words"
http://watchnewslive.net/watch-cnbc-liv ... free-24-7/

[Al_Dente]

wow, must be a trade deal news which could be from unnamed sources, so wait to see whether it's for real.

It's Powell

[te_fern]

wow, must be a trade deal news which could be from unnamed sources, so wait to see whether it's for real.

It's Powell

I agree its Powell. And I'm pretty sure they release his speech about the time he starts......

[BullBear52x]

I am back, what is going on? I am looking to sell this rip

[MrMiyagi]

!!!! POWELL HOUR !!!!

[BullBear52x]

I am back, what is going on? I am looking to sell this rip

Powell or no Powell, I am selling this spike today.

Love this volatility

[Al_Dente]

SEE THIS RIGHT NOW. MUST BE A MISPRINT ????
$TNX 10 yr yield
$FVX 5 yr yield

[Al_Dente]

wow, must be a trade deal news which could be from unnamed sources, so wait to see whether it's for real.

It's Powell

I agree its Powell. And I'm pretty sure they release his speech about the time he starts......

YES
i still can't find him LIVE
will he do Q&A ???

[Al_Dente]

SEE THIS RIGHT NOW. MUST BE A MISPRINT ????
$TNX 10 yr yield
$FVX 5 yr yield

it is a stockcharts problem, as they are printing INDU and SPX at zero also.
they'll hopefully correct it soon
ALL CORRECTED ALREADY.
warning: be wary of stockcharts quotes now

[BullBear52x]

The short term bottom is in, Back to bull trend trading. BTFD

[Trades with cats]

https://finance.yahoo.com/news/live-pow ... 12325.html

[Al_Dente]

It looks like they may shut up and stream the Powell concert LIVE
(obviously, click the little volume icon at top left; your screens may vary)
http://watchnewslive.net/watch-cnbc-liv ... free-24-7/

NOW

[MrMiyagi]

burn

[Al_Dente]

https://finance.yahoo.com/news/live-pow ... 12325.html

thanks boss

[Al_Dente]

good lord, he's quoting Minsky

[Al_Dente]

Bloomberg's key takeaways from the prepared text:
Powell says rates "just below" range of estimates for neutral policy, raising the question of whether he's walking back an earlier view that neutral was a longer way off

He says even after eight hikes since December 2015, rates are still low by historical standards

Powell explains Fed's gradualism, saying the approach is meant to balance risks of moving too fast or too slowly
Powell says moving too fast would risk shortening U.S. expansion, moving too slow could risk higher inflation and destabilizing financial imbalances

Says the effects of Fed's gradual hikes is uncertain, may take a year to realize

"We see no major asset class, however, where valuations appear far in excess of standard benchmarks"

Powell sees "great deal to like" about U.S. economic outlook, says he and FOMC are forecasting `continued solid growth'

Much of Powell's speech dealt with financial stability, rating the overall risks "moderate"

Bloomberg more.........:
"Powell’s comment that rates are just below neutral is a step back from his comments earlier in the fall implying the FOMC still has a ways to go. This could be the first sign that the pace of rate hikes is set to slow next year."

"We read Powell’s prepared text as preparing the market for a 2019 'pause' or end of hikes. Markets haven't believed the 'dot plot' but this could be first move where more hikes are priced out. Being 'near neutral' suggests the Fed is 'nearly done."

[Trades with cats]

Taking questions now.

[Trades with cats]

Marty Fieldstien gets second question. He is supposed to be looking for blood.

[1der]

Ah, so now are only worries are a government shutdown and trade talks collapsing

Buy and holders rewarded again! It’s just a “flesh wound”

SPY PBar levels at 272.68 where we are now, and 273.16

EDIT: these are PBar levels that have already been hit before