SPY DIP BUYERS
We hit the low inter day today then the dip buyers stepped into the picture took the market red to green, good job. But then the Bank of England stepped in and said support for the gilt market will end on Friday warning the fund mangers to unwind there positions. It’s about to go down across the pond. It’s been a 4 day losing streak 1.6 trillion dollars has been wiped out of the S&P. On Bloomberg Cleveland’s Fed president Loretta Mester had a interesting interview. She said the fed hasn’t seen any progress on inflation WOW you don’t say smh. What I got from the interview is 75 points in November for sure. They want to break the economy so bad. This is a self inflicted wound they should have stopped buying bonds last year and raise rates to but greed got in the way now we will pay for there mistakes because Powell wanted to be reelected. I didn’t go to college and I could see this coming last year, what a bunch of a holes. Keep an eye on DXY it’s about to make new highs. PPI and FOMC minutes tomorrow expecting a red trend day. It’s getting difficult to write these every day nothing but doom and gloom it’s depressing the only good thing is closing green in my account every day even if I sell to quick which is a good thing, I don’t have diamond hands lol
As always trade what’s in front of you good luck
As always trade what’s in front of you good luck
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