Good morning STB!
Let the holiday season begin! I’m ready! We need some happiness, and there’s no better reason to celebrate than The reason for the season. Let’s make this a good one.
My thoughts on my rep MTG resigning - good for her. We’ll miss her up there fighting, but a smart woman that loves her country saw the writing on the wall first hand. She witnessed the Trojan horse and dipped. I’d vote for her for anything. Just MHO.
Good v Ivil
On to the lie -
Minis up 44. Minis chart is a lot more clean than SPX. I’m still on the possible RS formation or launch pad. That formation only gets you to 6200 or possibly the round number. Percentage wise it’s big, but as reality goes it’s a drop in the bucket. If they get a rate cut and QE the Beas are in trouble. As noted, the Fed has lost control. IMO they need to fight inflation, fighting job loss vs AI is not really in their control anymore. Private equity will most likely be the catalyst. The banks tried to offshore their bad lending to hide it, but it’ll still come back to haunt them. There is NO liquidity, and that’s what we’ve been looking for seemingly forever. Watch the repo market. The whole game is rigged, so … yeah. The old STB “exogenous event” is about the only thing that can stop them now. They’ll print their way out of anything, till they can’t. It’s really really bad out there. STB best trade, get ready.
Have a great week. Christmas quotes coming soon!
GL and GB!