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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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The Ox

To: Jacob Snyder who wrote (74626)	12/13/2022 12:53:43 PM
From: Jacob Snyder	3 Recommendations Read Replies (2) of 97601

QQQ shorting: Today, we got further confirmation, inflation is past its peak. I am beginning to think, we have seen the high for 10y Treasury yields. Flat-to-down in 2023, the October high 4.3% is resistance. I am a bit more confident of my 4.75% terminal Fed Funds Rate prediction. And I am guessing tomorrow will be an up day for the markets. So I am thinking about closing my QQQ short position near the close today. According to the CME FedWatch tool, markets are pricing in a 79.4% probability of a 50 basis point hike tomorrow and a 55.7% probability of a 25 basis point hike in February.… Pantheon Macroeconomics highlighted in an investor note: "This report does not change tomorrow’s Fed decision; they will hike by 50bp. But Chair Powell’s tone likely will be less aggressively hawkish than in November, and his more dovish colleagues likely will be emboldened by this report. We now think 25bp is more likely on Feb 1, and we think that will be the final hike."…. seekingalpha.com

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