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09/07/2017 Live Update

Re: 09/07/2017 Live Update

Postby QED » Thu Sep 07, 2017 2:17 pm

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"I can't believe I ate all those worms."

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Re: 09/07/2017 Live Update

Postby Trades with cats » Thu Sep 07, 2017 2:32 pm

Treasury Repo collateral placement fails. Evil site had an explanation, but it was inside baseball. They did say the takeaway is the really heavy number of shorts are rolling contracts so there just wasn't enough collateral around. With FOMC Meister saying yes to the September rate hike and Brainard saying she is data dependant I am guessing the odds are increasing.
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Re: 09/07/2017 Live Update

Postby Trades with cats » Thu Sep 07, 2017 2:35 pm

Should add that higher US rates drive policy normalization, and I do think the current FOMC wants to be closer to normal before they leave office by the end of next year. It also allows Draghi to have some breathing room to start normalization without crossing the 1.20 line. Of course this would allow PBoC to increase without raising the Yuan to the Dollar. Remember they are all doing this very careful dance of trying to increase rates without upsetting currency markets.
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Re: 09/07/2017 Live Update

Postby Cobra » Thu Sep 07, 2017 2:38 pm

3 push up, the rebound might be over?
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Postby MrMiyagi » Thu Sep 07, 2017 2:42 pm

Cobra wrote:3 push up, the rebound might be over?


Higher lows though?
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Re: 09/07/2017 Live Update

Postby Al_Dente » Thu Sep 07, 2017 3:02 pm

HAPPY HOUR
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Re: 09/07/2017 Live Update

Postby fehro » Thu Sep 07, 2017 3:46 pm

yeah… things may look good ish index wise… but XLF W/D .. that weekly candle is pure ugliness XLF < 20d/50d/200d/20w :roll:
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Re: 09/07/2017 Live Update

Postby Cobra » Thu Sep 07, 2017 3:54 pm


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Re: 09/07/2017 Live Update

Postby Cobra » Thu Sep 07, 2017 3:55 pm

well, guess that's it for today. Friday tomorrow has been bull friendly. thank you guys, I'll see you tomorrow.

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