High PossibilityGood Morning...seems like the Feds dropped the ball deliberately this time..
DST,Clouder,SportyJ,Devanand ..with the latest CPI numbers still showing some heat and that big tank early this week then Triple Witching today will cause some wild swings in the afternoon session then with the algo reset with a possibility of a full 1% rate hike (Larry Summers talking) mid next week and the scenario with no FOMC meetings in November would have the algo riggers keeping in at least a 0.5% rate hike in November in the formula ..that would cause a severe jolt in the Algo Beast on Monday morning and the recession cat will be out the box ..capitulation will begin today.
FOMC will do an emergency meeting by October 1st..but it might be too late.The algo is set up towards a soft landing but the latest CPI numbers caused an unexpected over reatction in markets and oil ends up being under priced...today to next Friday will be crazy if the feds dont come out early and say look it will be just 0.75 % andwe will see what happens in October and chill until December other than that the old crowd looking to preserve the retirement eggs will rush to T-Bills ..today.
Have fun ..Im out the market except for a few small portfolio window dressers