RE:RE:No big movement for nowI also wrote something similar to your post, regarding Macro and interest rates for this current downswing, last week. And I'm hoping that it is, what you and I feel, is the real true reason for this SP correction, instead of manipulation. But it sure is hard to believe oneself, when this patern repeats itself, as if it's being manipulated at every turn. If the past trading of 2016 to 2022 is any indication of the current SP fluctuations? Then, you can understand as to why I'm sceptical? As for the Bond's patern? I'm prety sure they will steadily decrease, to stabilize the market. They're
the foundation, of stability in the market.
Tempo1 wrote: My sentiment is different.
After the results pull back the SP was in the 90-93$ range and it fell to the 82$ -83$ range with the global markets pull back in august 02.
At a macro level, the FED miss and the stocks drop has bring rates lower. (Don't forget that the FED rate is an administrated one, ''general rates'' are market driven). The rates are fallen at a fast rate. In the corporate bond market, there's nothing acceptable now ( BB or more) at 5% or over; only unsecured real estate bonds are avaliable between 5-6,5%.
For example, the Bombardier dec 2026 bonds were at 7,50% last april, they fell at 6,50% in july and are at 5,75% now.
We are on an inevitable rates fall period. More inevitable since a week. That brings the things more balanced.
I think that the SP will reach its normal balanced level ( 88$-92$) in two or three weeks whitout catalysts. I don't think that the 82-84$ level is its balanced level.
At this point, your opinion is as good and valuable as mine.