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

To: Lee Lichterman III who wrote (82182)	10/19/2023 11:57:55 AM
From: The Ox	Read Replies (2) \| Respond to of 97611

I'm viewing the rate move as more of a spring that's being coiled down. It can take a lot more pressure but at some point the pop back will be impressive. We may be many quarters away or maybe the market will realize there's almost no reason for the FED to keep raising rates at this stage of the process. People seem to need instant gratification and these processes play out in quarters or years. . . . The Republicans in the Congress don't seem to be able to wipe their own asses. Calling Biden's spending like a drunken sailor is a real giggle. Please tell your team to get their F'n act together, then we can worry about spending, taxes and what laws need to be updated from the 18th century into the 21st.... There's a lot more common ground than impasse but you'd never know it listening to the talking heads, IMO.

To: Lee Lichterman III who wrote (82182)	10/19/2023 1:12:46 PM
From: Lee Lichterman III	Respond to of 97611

Powell speech done and no economic news tomorrow morning. It's all about Max Pain op ex now. I figured it was around 433 SPY as of this morning but many contracts opened and closed during those whipsaws just now I'm sure. — Lee3 (@Lee_Lichterman) October 19, 2023 I think it's nuts that we're moving up with rates this high but have to make those puts worthless. Bond market isn't as happy as equities.