This past Wednesday we heard from federal reserve chairwoman Janet Yellen, who’s somewhat hawkish tone caused a sudden sharp spike with regard to the US dollars value.
Well here we are now just two days later and the US dollar has already given back more than half of those gains.
As a matter of fact, I said specifically and publicly that I did not believe that the US dollar would hold those gains moreover, the action in the bond market is equally as interesting.
Janet Yellen‘s Comments, again being somewhat hawkish, caused a rapid and sharp spike in bond yields however, this is also reversing as cash is again making its way back into bonds-which I also said would likely happen...
It seems that the markets are again unsure about what the federal reserve is actually going to do moving forward, and the reason for that is quite obvious-the federal reserve itself never had a plan to unwind its balance sheet and has since revised it’s rate hike schedule multiple times despite promising more hikes moving forward...
Gregory Mannarino
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But... Everything is okay, nothing has happened, and nothing will happen! I am changing my well diversified savings and putting it all in a 401K.
/sarc
Funny. me too
Yes watch the show and the pretty assistants, not the magician's hands.
Rest assured, Fed will raise interest rates with greater conviction when others Central banks start to raise their rates (BOE, BCE ...), otherwise the rates gap would be too high and this would lead to enormous dollar strength, which Trump, as repeated on several occasions, doesnt' want.
Greg is working on the wrong premise in the first place. Janet Yellen's spew was "hawkish" on Wed? Not the Janet I heard spew. Janet said she would drop the Fed funds rate if 2% inflation couldn't be acheived...then she'll QE if that doesn't work...finally, she will drop her panties. Greg will actually "beg" Janet to "QE"...as chances are good she will actually drop her panties first. Did you see the gleem in here eye during her speech? I think she's horney for Greg. So that's my call for 2017. Janet drops rates, then drops her panties but can't get inflation to hold steady above 2%...gold down to $800/oz...Greg begs Janet to QE over pulling her bloomers back up. Log this purrdickshun in just in case I forget it. target date for all to materialize? >>> May of 2018...depends...Janet may actually wear depends and then it is "unlikely" she drops em. Gotta hedge my calls...like Maalox Mannarino does. :-)
Buy gold!!
Greg just issued a "buy the pullback!" call in silver, gold, and BTC just yesterday in his new video blog. So that's what I will "rate" his call based on. Silver abouts 16.10...BTC was at $3650.00. I think he should bought at $3000 personally...but he was too buzy beitchin about Jamie Dimon...who just got finished shredding Greg's ass. :-) Glad Greg makes it eeeeasy to determine where he stands. Aren'tchu?
Yea, I've bought the pullback in the metals, I'm trying to get back into Bitcoin in the next few days. I'm hoping it drops down to $3000 again
If BTC sees $3K it will "likely" trade down to where the entire "frenzy" wave started. remember, millenials with Utube crypto channels were up all night long downing red bull, pizzas, and chinese takeout that fateful Fri night as BTC moved from $2800 to $3200...and held steady. There were more visions of sugar plums that night then ANY night I can remember since I started tracking bitcoin...which was on the Fri that the S.E.C. denied the Periwinkle twins the right to trade their ETF >>> freely...and "openly"...on the U.S. market exchanges. Never understood why you guys preferred the "wild west world" of "actual" bitcoin trading. maybe Greg will know. Yo! Greg!...do you have a $2 Ebook on that? Thanks, bro.
Aren'tchu........
gesundheit!!!!!!!
Tanks...but ya shuda waited for the second one as the postman always sneezes twice. I'm glad I waited on Greg's call to buy AAPL on Mon...on the open yet...
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=aapl&x=51&y=19&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
...aren'tchu? :-)
This is incredible! Love it. @marketreport
always interesting to read your reports - upvoted
I think there is a huge missing piece of puzzle in the US economy that is becoming a very serious issue, but nobody seems to be trying to address it. The question is.. "Who has been financing those Treasury bonds when we know that nations have stopped buying them?" Problem is that there is no evidence to proof my speculation. I am suggesting that corporations have been forced to hold the empty bag. I think that's what's been going on. Corporations have been forced to load up with these unwanted bond debts in order to keep the engine running just a little longer. This is scary, and it's a time bomb.
Probly the ONLY reason why AAPL will survive is becuz it owns so many treasuries. AAPL corporation >>> saved by the U.S. govmint...the "correct" way for once. Warren "the" Buffoon still out there being the govmint shill of course. And by that I mean the "voice" of Wall St. Relax! I have Warren under control. I even shorted, coverd, and then reshorted his ass even tho I was the only one at steemit that said >>>" Long term bonds (as measured by TLT) pretty much an obvious short...but who has the guts to do it?" Greg will verify...he still reads all my spews as he doesn't want to get his ass totally kicked by trading on his own. Greg can't afford not to listen to me. That means you kittens are listening to me too as you do what Greg tells you to do. BAC now at just under $25. How high does this have to go before Greg "finally" notices. How many times did he try and long the banks and fail?
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=bac&x=50&y=11&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Keep loading up on gold and silver, it's still on sale.
You are 100% correct.
Flattening yield curve is being imposed by the FED. :-))
You forgot to add >>>"...and since market driven rates are traded every day by anyone who wants to, the Fed obviously has nothing to do with a flattening yield curve...so scratch what I just said."
Great post thank you so much for sharing
You are very welcome.
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Yellen should be strung up along with Bernake
The illusion of the stock market is reaching record high after record high allowing people like Janet Yellen to perpetuate the lie that we are in some type of economic recovery, complete bullshit!
The stock market is hyper-inflated on the back of the largest bubble the world has ever known-the debt bubble($1.3 QuadTrillion), and has nothing to do with economic growth of this fake environment created by the Federal Reserve's interest rate suppression scheme for nearly a decade.