Post by
apapas1973 on Aug 19, 2022 11:58pm
Upcoming Jackson hole symposium
Yet again Powell will get a chance to inform everyone on things such as the future of rate hikes at the economic symposium end of next week. I suspect to hear the same, that rates will continue to go up to tackle inflation which they may. Or that it will be data dependent in the future. I think some people on here are under the impression that I mean we're getting rate cuts and QE tomorrow. That's obviously not going to happen. What I'm looking for is a trend change. A hiccup so to speak. That could mean even a smaller than expected rate hike. Or even a pause. That would be the beginning of it. Certain sectors in the markets will start to sniff this out and start to move prior. This is the smart money taking positions. They set the trends. The dumb money (us) just follow, and more often than not get in late. That's why we're left holding the bag. Human nature will never change in the markets. We are emotional traders/investors. People have to start thinking opposite from the crowd. There's a saying that when everyone is thinking the same thing, then no one is thinking. You need to remember that... I may post and update on CNC in a bit.
Comment by
EndZonefor7 on Aug 20, 2022 11:22am
Agreed apapas. Markets now expecting half a point which will relaunch markets and commodities and leave the Qanon end of the world types in the dust.
Comment by
apapas1973 on Aug 20, 2022 1:28pm
We're a 60/40 split in favour of the 50 point Endzone. Still very early though, but after next week's symposium meeting we'll get a little more clarity. This will change often by the next rate meeting. I'm hoping for the 25 point to come Into the picture. Might be early for that this time around. Let's see what happens.