Market continues to crash

BunnyPancake

BunnyPancake

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Fed Biege Book really not good wor...

Inflation reported across many districts... Food prices went up, consumers not traveling much. Lots of signs consumers are saving up.

Employment-wise, not much change but slight increase. Businesses said they aren't positive about the future and may start retrenchment (not confirmed).

Entire economy wise, not much change from previous.

Fed officials said a lot of uncertainty, and the trade war seems to be showing some effect on the economy liao.

But analysts feel with such data and what the officials said, Fed may just keep rates unchanged to monitor further.


However, market no reaction to it. :s13:
 
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fade_white

fade_white

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BunnyPancake said:
Fed Biege Book really not good wor...

Inflation reported across many districts... Food prices went up, consumers not traveling much. Lots of signs consumers are saving up.

Employment-wise, not much change but slight increase. Businesses said they aren't positive about the future and may start retrenchment (not confirmed).

Entire economy wise, not much change from previous.

Fed officials said a lot of uncertainty, and the trade war seems to be showing some effect on the economy liao.

But analysts feel with such data and what the officials said, Fed may just keep rates unchanged to monitor further.


However, market no reaction to it. :s13:
Click to expand...
Is it market already ‘priced-in’?
 
Jirachi

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BunnyPancake said:
Fed Biege Book really not good wor...

Inflation reported across many districts... Food prices went up, consumers not traveling much. Lots of signs consumers are saving up.

Employment-wise, not much change but slight increase. Businesses said they aren't positive about the future and may start retrenchment (not confirmed).

Entire economy wise, not much change from previous.

Fed officials said a lot of uncertainty, and the trade war seems to be showing some effect on the economy liao.

But analysts feel with such data and what the officials said, Fed may just keep rates unchanged to monitor further.


However, market no reaction to it. :s13:
Click to expand...
I think the Beige Book is "acceptable" considering the current macro conditions.
 
Jirachi

Jirachi

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MrAwesomeX said:
Now they probably realize Winnie not gonna back down. Use china patriotic feeling wack back US .

But I still think will go green for a few days unless someone huge happens .
Click to expand...
China can endure the pain longer than Trump can stay solvent
 
A

AuraKUPO

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Major laosai whole market dropping now! Looks like the rally yesterday is another dead cat bounce.

This is my trade yesterday:

1. Sell DITM SPY options on Monday when it dipped near it's peak. Unable to catch the very bottom. But managed to catch the 2nd best bottom.

2. Waited 2 days (yesterday) and the options is 45% in profit. I close out at the peak this time, managed to catch the peak. Later, the market drop back.

My whole month expenses settled within 2 days. Whatever profit remaining will go to my entertainment splurge.
 
BunnyPancake

BunnyPancake

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fade_white said:
Is it market already ‘priced-in’?
Click to expand...
Strangely, market no reaction after the biege book came out. But we did see a bit of selling during the last hour, then some dip buyers during the last 5-10 minutes or so.

Anyway, it should be enough to give us some idea for future economic data... Which shouldn't be good...

It also gives us a hint that since employment still okay, and inflation is going up, then likely Fed shouldn't cut interest rate liao. Few months back, there had been speculations that Fed may increase interest rate should inflation goes up, but I doubt that will happen too since economic conditions are deteriorating... So likely they will hold rates steady instead. Not to mention if Powell increase rates, Trump will sure kpkb somemore.

Their tone and message has definitely changed more somber... Previous biege book and Fed officials talk always will say, "Employment is good, inflation is under control and going to our goal, and the economy is strong as before." But now their tone has changed and kept bringing up tariffs, higher inflation, .etc. Not a good sign, IMO.

Just remember Fed's 2 mandates: high employment, low inflation with the target of 2%.

But Powell has already said recently that they've gone easy on that "2% goal" liao because they know it is unattainable given current economic conditions.
 
A

AuraKUPO

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With the rallies going around in Singapore, hope US stock market crash to the abyss
 
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