Tough to trade with 3-waves the rule. I think Ben is running out of credibility. His meetings are going to be more and more rancorous if he keeps adding leverage to the Fed balance sheet.
Also, this move to add treasuries is so small that it does not affect anything. Behind the scenes there are concerns by several Fed governors that they are moving in the wrong direction by refusing to unwind their positions.
Crazy. Hurt both ways. Once on the way down and once on the way up. What did you make of the Fed statement. Much ado about nothing.
ReplyDeleteTough to trade with 3-waves the rule. I think Ben is running out of credibility. His meetings are going to be more and more rancorous if he keeps adding leverage to the Fed balance sheet.
ReplyDeleteAlso, this move to add treasuries is so small that it does not affect anything. Behind the scenes there are concerns by several Fed governors that they are moving in the wrong direction by refusing to unwind their positions.
ReplyDelete