Loading ...So, looks like with a .50 cut everyone’s happy and we carry on. If they only do .25, then everything crashes, the dollar soars, and the pm rally probably stalls for a while, or until WWWIII starts.
ZH has an article saying that all the traders are positioned for .50. I’m sure the Fed knows this, so will BlackRock tell them to pull the plug on all those traders, or will there be peace and harmony in the markets before the election?
Dollar is down a little to start, Bitcoin too. PM’s are flat. Oil down almost 1%. Bonds selling off, rates up almost 5 bips. SM up a little.
How ridiculous is it that everyone has to watch a group of unelected elites fiddle with rates to determine whether they win or lose? While no doubt the biggest players already know the outcome and are positioned accordingly. We live in a video simulation where nothing is real.
Thank God this life is temporal, and I am nothing more than vapor here in this gulag.