Premium Only Content

Stocks Rip Higher Ignoring Everything But Hopes Of A Hard Pivot From The FED
Stocks rally strongly as PCE inflation is rising along with wages growth, as the market is hoping a hard FED pivot comes on Thursday FOMC meeting.
Last week I covered how the FED was forced into a soft pivot, which continued into this week as stocks rallied most of the week.
US savings rate macro data came out showing real adjusted consumption is falling as real wages remain week, while the savings rate of Americans continue to collapse to 2004 levels.
Pending sales data also showed worse then expected falls, as the property industry is in a sharp recession fueled by soaring mortgage rates thanks to FED rate hikes.
Umich Survey inflation exceptions also saw a pick up as more Americans expect CPI to remain high for longer.
With all the weak macro data suggesting the FED will be forced to hike for longer, stocks ignored it all & ripped higher.
I cover SPX & NDX charts as well Aussie index XJO, discussing potentially weak price action could occur from FOMC if Powell disappoints. With the charts showing bearish flags or rising pendants.
Lastly I cover the massive date dump of macro news coming out this week including FOMC & NFP's on Friday.
Links:
https://www.cnbc.com/world/?region=world
https://www.zerohedge.com/personal-finance/us-pending-home-sales-collapsed-october-weakest-2010
https://www.zerohedge.com/personal-finance/umich-inflation-expectations-increase-september-hope-dips
https://www.forexfactory.com/calendar?week=this
Follow me:
Twitter: @crushthemarket
#FED #Bonds #Yields #Stocks #BOE #Pivot #Inflation #PCE #FOMC #SPX #CPI #NDX #XJO #FED #Powell #Property #RBA #NFP
-
58:56
The Connect: With Johnny Mitchell
17 hours ago $21.56 earnedA Migrant Smuggler Reveals How Cartel Trafficking Works, WARNS Of Conditions At The Border
60K26 -
2:24:56
The Quartering
11 hours agoThe Final Boss! Expedition 33
77.7K4 -
24:31
Liberty Hangout
5 days agoDeranged Democrats Go Insane
81.4K215 -
11:43:10
FusedAegisTV
1 day agoOFFICIAL Evo 2025 Day 2 Co-Stream - Las Vegas, NV ∥ 14,000+ Entrants! & Top 24s
114K2 -
12:08
Exploring With Nug
20 hours ago $12.86 earnedWe Found a Hoarder’s Houseboat While Magnet Fishing a River in Louisiana!
69.4K11 -
LIVE
Lofi Girl
2 years agoSynthwave Radio 🌌 - beats to chill/game to
268 watching -
58:42
X22 Report
18 hours agoAmerica’s Back, Those Who Tried To Destroy American Will Face Justice - Ep 1
282K145 -
5:38:49
Eternal_Spartan
10 hours agoPEAK: Collab w/ TheBeardedNerdd | USMC Vet | Come Join the Best Chat on Rumble! (!Shoutouts)
30.5K6 -
4:20:20
Midnight In The Mountains
12 hours agoMidnight In The Mountains | Episode 7 | Feat: RCAM & JoeJoeGunz | Shadows - Light and Salvation
21.7K4 -
4:49:45
Cewpins
10 hours agoSmoke Sesh🔥 #UFCVegas108 n Chill💨420🍃!MJ
13.3K15