sp'daily5
VIX'daily3
Summary
US equities opened moderately higher, and it was plenty enough to generate a new historic high.
Fed chair Powell appeared before the US house to spout more lies and deceptions, who lapped it up like a baby Panda with a bowl of milk.
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| Bullish the mute button |
Just consider the most recent Fed balance sheet...
... and reflect on the notion that Powell continues to deem it as not-QE. With the Dow (ohh the humanity!) turning red in mid morning (largely due to Boeing, zero orders within January), the US President again chimed in...
It is a 'curious' thought that the US President is probably watching equities tick by tick for significant chunks of the day. The complaint that the (strong) dollar is tough on exporters... well, yes... it is. I'm actually kinda surprised we haven't seen Trump direct the US Treasury to meddle in the FOREX market.
Powell is due again tomorrow, but I'd imagine the market will be more focused on a Sanders victory in New Hampshire, although maybe the DNC will somehow prevent such an 'adverse' vote?
Ohh, and as for that baby Panda and milk...
I will hope the nannies are being regularly checked for Corona. If there is anything that matters in China... its the Pandas.
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| Winter sunshine |
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| The waning moon |
Extra charts in AH (usually around 5pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
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