"And here is the rub, because for the BIS to be complaining about broken markets is nothing short of peak hypocrisy."
When I first saw the title of that post I was like ... what? The BIS is the kingpin of all, so here you have the ultimate CYA propaganda piece. This is not the first CYA statement to come from a bank, brokerage firm or news agency. They seem to be popping up with a bit more frequency. They all need one major piece that they can point to after the fact with an "I told you so" moment.
Maybe you should read - We've Habituated To A Rigged, Fraudulent Market.
Negative interest rates? NIRP? Here? But, but, but .... all is well. STB would phrase this as ultimate risk on pressure. It is also a step closer to an end game scenario. It is confirmation of all the wrong we've observed.
As for the budget bill - Apparently we've lost all control of DC. This must be the last big one cause they fear the newly elected and the voice of the sheeple that spoke so loudly the last election. I brought this up last week and will have you read about it again for emphasis - DC is out of control. Watchdogs brace for surprises in massive $1.014T spending bill
“We would watch it with great concern because of the fact that it could open the door to special interests having more influence over all of federal policy and certainly the budget than they even do now,”
On to the lie -
A simple new weekly chart - Overthrowing LT resistance. I like the convergence of the 38% retracement at the 200wma at the prior ATH. Your ultimate bail point - when price goes sub the 100 wma. Remember, you can ride this thing up as long as you want, but as proven and as noted - it takes back gains really fast when it turns.
More to come below.
Have a good week.
GL and GB!