Will Warsh be obedient or defiant?

PawsAndProfits
09-16

Disclaimer: Nothing I say or post should be considered financial advice. Please do your own due diligence before making any investment decisions.‌

I am surpised Warsh still has black in his hair, considering the amount of stress he’s under right now. Everything point towards a rate hike. Falling bond prices, increasing price of crude oil, constant heated rivary between Iran and US which might drive up prices of goods, unsolved political tension between China and US. However, one particular person of influence wants to defy the force of nature, our dear Trump. He wants a rate cut. So will Warsh and his team comply to Trump wishes, or subject to forces around him? Lets see @ 11am PST, 2pm EST. [Surprised]

@PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]

Two Rounds of Treasury Buybacks, and Long-End Yields Still Hit a New High?
The Treasury bought 20- to 30-year debt again Wednesday, capped at $6B — second round in two weeks; the first filled only $5.2B. The bid came, yields didn't fall: the 10-year closed at 5.11%, up 15bp and the highest since 2007, as was the 30-year. October Fed hike odds hit 69.7%. Stocks fell: Nasdaq -1.13% to 26,936.04, erasing Tuesday's record; QQQ -0.84% to $741.21; S&P 500 -0.75% to 7,706.03; Dow -0.68% to 51,511.59. Bulls say firm data, not weak demand, is lifting yields; bears say two buybacks and a new high prove the bid can't absorb supply. At what yield do you redo the math on stocks?
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Comments

  • happiness000
    09-16
    happiness000
    He probably stays defiant. Central bank credibility matters more than pleasing one loud guy, and markets punish weakness fast
    • PawsAndProfits: 
      I hope he does stay defiant too and react rationally. 
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