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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (69935)	9/22/2022 10:13:38 AM
From: The Ox	4 Recommendations Recommended By ajtj99 catou1 Jacob Snyder towerdog Respond to of 97946

I don't think these head-fakes coming out of important events like the FOMC rate hikes are unusual. If we look at yesterday's markets, looks simply like computers/HFT systems covering, ramping as far as they can and then reloading. How many new funds do we think are pouring into the market today/yesterday? Ha. Less than zero would be my guess as more money moves to the sidelines or, more simply, out of equities into other vehicles/cash/bonds. We're also in the seasonal period of greatest weakness during the year. Lastly, I try to keep in mind the FED is a banking organization and even though they talk about other mandates, their #1 priority is the US banking system, #2 is the world banking systems, #3 all other issues. They've already accomplished most of their goals and they have let the markets do most of their work for them. They're draining the punchbowl after the greatest liquidity driven cycle anyone has ever seen. Inflation and employment stats are on the periphery and I believe are mostly used to jawbone the public/politicians. JMO.