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Strategies & Market Trends : News Links and Chart Links
SPXL 220.68+0.5%Dec 2 4:00 PM EST

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To: Les H who wrote (27349)9/22/2022 4:20:22 PM
From: Les H  Read Replies (1) of 29601
 
Amount in Fed' RRP facility hit a new high 2.359 trillion dollars

newyorkfed.org

They're paying 0.6 percentage points higher than 30-day t-bills, but roughly the same 3 percent as 30-day commercial paper.

I have 8 more days, excluding today, for this peak-to-trough cycle to hit 35 days. I think $SPX is still destined to follow TLT down since the correlation hasn't broken yet. If 1981-82 is a model, it may take a first interest rate cut for bonds and gold to bounce with stocks following within 3 months. Knowing BEA, they'll announce this year's recession in March 2023 as it usually takes them a year waiting for all the data revisions to clear.
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