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Filthy D0N J0HN the C0N
Fed balance sheet hits new record high as QE takes spotlight
The Federal Reserve’s balance sheet inched up to a record $7.18 trillion as of Wednesday, with all signs pointing to further growth in the central bank’s portfolio.
The Fed’s outright holdings of U.S. Treasuries and mortgage-backed securities added about $25 billion to $6.56 trillion over the last week.
Concerns over a slowing economic recovery have pushed the Fed to open the possibility of further ramping up its asset purchases or changing the targets of its asset purchases.
“There is still quite a bit of flexibility in the asset-purchase side right now, and it allows us flexibility to also provide more accommodation if that's necessary,” Chicago Fed President Charles Evans told Yahoo Finance October 9.
In the early months of the pandemic, the central bank quickly added $3 trillion in asset holdings as policymakers attempted to flood financial markets with liquidity. The Fed also stood up 13 facilities to backstop markets ranging from corporate debt to municipal bonds.
The Fed’s quantitative easing leveled off into the fall as markets appeared to regain calm.
“Public markets are out there and they’re working and the pricing is pretty good,” Fed Chairman Jerome Powell told Congress on September 24.
Thu, October 22, 2020, 1:33 PM
The FED is not buying currently. There are a couple of hedge funds who are pushing the prices higher for tech companies that is maintaining the false sense of security. Some on the forum are saying AMZN is great buy just fyi even with stellar earnings you are paying 100$ for 1$ of AMZN earnings. God forbid they miss earnings a few quarters once the new regulations come in effect in 2021 you will lose most of your investment permanently.
Yesterday South Korea reported 9 mysterious deaths after
taking flu vaccine, today 13!
Many toxic ingredients in those flu vaccines!
Checking in on this crazy crowd(including myself) - I hope everyone doing well(health over wealth).
- Stimuli is the next Vax - However, it could be a sell the news event if/when it comes
- Markets are whacky(Levels still provide some insight)
- Econ Data is Sending Mixed signals - Industrial Production, Jobs, PMIs etc.
- Fed Remains King for now, however, I think they want to let a little air out of this
- Expect more Vol and Chop as daily liquidity has been drying up at end of day
Be well and stay sane during the election cycle.. Cheers
All that you see now in this market is the constant effort to avoid a Collapse before the Election......Has not one thing to do with Real Economic, Company Earnings or the Debt Load Created to prop it all up. This is the Greatest Scam Job pulled off on Investors since the Tulip Bulb Mania took hold.......people sold their homes for Tulip Bulbs....and no one stopped to ask WHY?
The debt crisis will end the same way the corporate bond market crisis ended, the same way the repo market crisis ended, same way the mortgage backed securities market crisis ended. The fed will not allow another crisis ever. Question is who will bail out the fed?
Thinking out loud ... gifs are like pinus extensions for posts ... kind of
Filthy D0N J0HN the C0N
Intel just can't catch a break.Despite just beating on revenue and EPS (Q3 revenue of $18.3 billion, down -4.6% y/y, vs exp. $18.22 billion; Adjusted EPS $1.11 vs. $1.42 y/y, estimate $1.10), Intel shares are tumbling after hours after the company's Q3 data center group revenues fell sharply while the adjusted gross margin also declined, both badly missing estimates.
And while Intel praised recent strength in notebook sales, the stock was far more concerned about the warning from CFO George Davis who said that the company sees orders from cloud server ships slowing.
Let's talk about border control and walls please.
Trump just scored the win for the night with the oil/energy industry.
LOL. So many people chanting crash. Does it ever just roll over like that? If the physcology of this forum screams cliff the chances are that the opposite occurs.
At 3PM is the daily action anyway.
It won't end well. Starvation. Despair. Desperation. Civil unrest. Drugs. Violence. But how will that affect the stock market? It won't. If covid 19 didn't take this market down than nothing will. Nothing........
REPOST>>Fed officials call for tougher regulation to prevent asset bubbles: FT
(Reuters) – Tougher U.S. financial regulation is needed to avoid the rise of excessive risk-taking and asset bubbles in the markets at a time when the Federal Reserve is keeping interest rates low, two senior Fed officials told the Financial Times in an article published on Saturday
Boston Fed President Eric Rosengren told the newspaper that the Fed lacked sufficient tools to prevent companies and households from taking on “excessive leverage” and called for a rethink on issues related to U.S. financial stability.
“If you want to follow a monetary policy … that applies low interest rates for a long time, you want robust financial supervisory authority in order to be able to restrict the amount of excessive risk-taking occurring at the same time,” the FT quoted him as saying.
House Speaker Nancy Pelosi (D-CA) says reaching agreement on vaccine, unemployment, on health funding; making additional progress on stimulus package and "just about there"
Bulls will continue.
EXCLUSIVE: Text messages obtained by Fox News show the CEO of a Jim and Hunter Biden joint venture with a Chinese energy firm discussing a meeting with Joe Biden in May 2017, despite past claims from the former vice president that he did not talk about his son's business dealings. Biden to prison soon!!!.. BIDEN TO PRISON SOON
Expect a huge rally SPY lead by AMZN, FB...I told about the reverse
GS Goldman Sachs charged in foreign bribery case and agrees to pay over $2.9 bln
280 puts for 1/15/21
If this pre market green fades after open, get ready for carnage. I do see a weakening dollar and increasing bond yields this morning so the longs are likely in the driver's seat, but if it starts to reverse, look out below. All IMO. This week is a coin flip.
As I type, it sure looks to me like most, if not all, of the recent downside pressure has been squeezed outta the major equity indices.
Being short a major index, right here, right now (SPX currently at ~3443.00) doesn't make any sense, unless one is betting on seeing "no deal" on the stimulus package, which while possible, it's highly improbable.
Advisor blasts Trump's use of Hunter Biden as 'misinformation' ahead of debate; defends Twitter, Facebook
US economy needs ‘fundamental changes’ to expand opportunity: Nicholas Kristof
Yahoo Finance Video
5 things that could change fast if Trump loses
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