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Overnight it was mostly London/Frankfurt buying. Futures Trader 71 commented this morning that he sees this as other time frame groups placing money. So the question is for how much longer until there beginning of the year shopping is done and we are back to two way trading.
Given the shape of the yield cure they scare me, but then I see that they haven't bothered to pass on Fed Funds rates to savers, so with the FOMC continuing to deny savers market rates AND punishing borrowers by moving rates up "party on!".
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So, presonally very uncomfortable bull here...last time the upper weekly bolly band oon vix was this low with narrow% was about 10/11 years ago...
code red..sidelines/bear lean thru govt shutdown date, too hot!...imho
MS is selling all their junk. “…we prepare for deterioration in lower-quality earnings in the U.S. led by lower operating margins.” HYG = another new high this morn https://www.zerohedge.com/news/2018-01- ... ssion-risk
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.