Fundamentals To Watch For The US Markets
Chris Temple joins me to recap the recent Fed announcement and State Of The Union speech. We look at how the central bank actions and political moves all are showing some fundamental reasons for a pullback in the equity markets. Also rising yields can be expected for similar reasons noted for the markets.
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Is the Fed’s Inflation Target Kaput?
Richard Miller – Bloomberg•February 2, 2018
“As Jerome Powell prepares to take over as chairman of the Federal Reserve on Feb. 5, some of his colleagues are publicly agitating for a radical rethink of the central bank’s playbook for guiding monetary policy. Behind the push for reconsideration of the Fed’s 2 percent inflation target: a fear of running out of monetary ammunition in the next recession.”
“With interest rates near historically low levels—and likely to remain that way for the foreseeable future—these officials worry the Fed will have little leeway to aid the economy when a downturn inevitably hits. They argue that revamping the inflation objective beforehand could help counteract that.”
“The most important issue on the table right now is that we need to consider the possibility of a new economic normal that forces us to reevaluate our targets,” Federal Reserve Bank of Philadelphia President Patrick Harker said in a Jan. 5 speech.”
https://finance.yahoo.com/news/fed-inflation-target-kaput-100014140.html
Weed and ACB have been impossible to trade for many days and not worth putting in stink bids as the bounces are weak. They are heading much lower. Bitcoin crashing now as the so called experts were projecting 50,000 using the best tool they have: a very long ruler. I had said it is heading well below 10k to around 5k for starters. Will be bounces but is in a bear market and eventually could head to 1000.
XOP is a great buy in the 36.50 to 37 area. Recent peak was 40.20. Target 42 to 43 and eventually $50 longer term 2020. It was once at $55 with oil near $57.
Oil will easily get to $75 and do a correction and then head to $80. Even Goldman is now very bullish.
I meant 2019 target of 50 for xop.
Gartman must have gone long bitcoin at $20,000 that would explain it…..pots are hitting lows where dead cat bounce at minimum happens. Worth a nibble hear on ACB
The dead cat bounce are so small I have only been able to cover my costs the last several days and gave up but made huge gains for the month. Gartman is the CNBC commodities King. On Cnbc he stated that oil would never go over $45 in his lifetime. It is likely to head to 100+ in his lifetime.
ACB might be worth buying near the $7.50 to 8.50 area after a 50% drop.
They are so hawkish they did not raise rates yesterday. huh.
Yellow was just trying to get out of Dodge…Peter Who 🙂 has some comment on that plus the “voluntary” nature of taxes…and the blind guy in the Frankenstein move…
https://www.youtube.com/watch?v=4NN7n3ABYx4
I don’t think the Feral Reserve will ever significantly reduce their balance sheet.
I think the balance sheet……will be the covering, before the blanket is pulled…….
Heck, it is only wall covering anyways……..the money is not real, only the pretend debt….
Time for a JUBILEE……the jews know all about a jubilee, they just need one pulled on them..
Now that ain’t gonna happen because this country is the United States…of Israel, that is.
With 1.5 trillion of pork the pigs are starting to line up at the trough…$1.5 trillion can build a lot of bridges to nowhere…
Time for a JUBILEE……the jews know all about a jubilee, they just need one pulled on them..
There will be a jewbilee…not a jubilee…not trying to be anti-semitic…just referring to the zionists and banksters…
Damn, youtube…played a cat litter ad while Peter Who was talking about the Feral Reserve and pork…feral cats don’ use cat litter and neither do pigs!
call and tell um, you want your money back……….
Wonder why they think someone listening to Peter Schiff would want to buy cat litter???
I understand he uses it, to soak up all the c..p…..that the Fed spills out…..
A wall on the border is not a good idea. Holes can be made quite easily. Better option should be an electronic wall with sensors and cameras.
Trump, in wanting to make America Great again, is clearly a Racist in the eyes of all Democrats, who wish to destroy the Anglo-Saxon heritage of the U.S. that made it great in the first place.
So there’s no apathy and society owes me mindset in the Anglo-Saxon millenniums????Its all the other races millenniums who think and act this way????Wow
Made the states great?
Absolutely racist.
I’m curious about your reaction to this one, CFS
Barbara Spectre on Multiculturalism
Similarly the BBC has described the limit immigration policies of EU countries as RACIST.
Let’s face it, the media is controlled by Marxist-leaning liberals, who wish to destroy freedom and capitalist notions of liberty.
Let’s face it, CFS, you won’t even be honest about who controls the media.
That would be a great discussion. Who controls the media”
Chartster….The Z scum , mostly.
Conan O’Brien Exposes Mass Media Brainwashing
That broad use “Z scum”, I agree with.
TRump…..will be the cheerleader, at the retreat for the Repubs…….
https://www.zerohedge.com/news/2018-02-01/watch-trump-speaks-house-and-senate-republican-conference
Rosy picture for Atlanta Fed………GDP…5.4%
https://www.zerohedge.com/news/2018-02-01/atlanta-fed-sees-q1-gdp-soaring-54
………need to get the people to produce more….
https://www.zerohedge.com/news/2018-02-01/us-worker-productivity-slumped-q4
Jerry…HaHaHaHaHaHaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
Irish……..glad to see you are still on the job……… 🙂
Penn State…pull a quick one….on old Steve……….
https://www.zerohedge.com/news/2018-02-01/upenn-removes-steve-wynns-name-campus-plaza-scholarship-revokes-degree
I went to Penn State…or was it state pen? 🙂
Ebolan..AKA Joe…..State pen, thats were i know you from……………HaHa
U. Of PENN…..sorry, Joe….
Here’s a Bob Higgs interview I bet you never heard…
Replay……different take……..
https://www.zerohedge.com/news/2018-02-01/gold-bullion-price-suppression-end-bullion-bank-traders-arrested-manipulating