Epic's Account Talk

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DBA was commenting in her thread that Eddie Ghabour believes market will sell of another 20%*from his point during next several months.
I like to look at Trading View ES1 "Ideas" https://www.tradingview.com/symbols/CME_MINI-ES1!/ideas/ where others have also shared this opinion to one degree or another. I saw a few weeks ago where someone said -30%.

The link below is by far the longest look ahead and the greatest decline prediction that I've seen so far. It's an interesting (less than 2 minute) read with chart that expands.
"The above chart represents within the next 3-6 years PLANET EARTH COULD LOSE HALF ITS GLOBAL NET WORTH...OR MORE."

HERE >>>>> https://www.tradingview.com/chart/ES1!/z3TENZoq-How-is-a-forecast-a-forecast-and-not-a-guess/

...
 
When I got up, Dow Futures were up almost +200, but have since fallen back quite a bit. We'll see what happens.
Was hoping that a late Santa Rally would happen starting this week at some point. It definitely should be low volume for sure.
Some had said that Futures were higher with the expectations of only a rumored .25% rate hike in Feb. :dunno:

https://www.investing.com/indices/indices-futures

12-27-22.PNG
 

https://www.fxstreet.com/news/feds-bostic-fair-to-say-that-the-fed-is-willing-to-overshoot-202301091829

Atlanta Federal Reserve bank president Raphael Bostic said on Monday that it is ''fair to say that the Fed is willing to overshoot.''

Key notes:

A likelihood that services inflation will prove sticker than the Fed would want.

Not seeing that wages are driving final goods prices.

Economy still has a "fair amount" of momentum, remains robust.

Right now economy can absorb Fed policy tightening.

Base case for 2023 is GDP growth of 1%, no recession.

Think inflation can fall to about 3% this year, though it will take time for the Fed's policy change to play out.

If there is a contraction it is going to be shallow and short.

Repeats see rates rising to between 5 and 5.25%.

Broad consensus that the Fed policy is in a restrictive place, appropriate to be much more cautious in terms of calibrating more. movements

Getting back to a more normal cadence of policy movements will be "appropriate and important".

Rates will have to stay high for "a long time...well into 2024".
 
Read more here >>>>>>> https://www.nytimes.com/live/2023/01/12/business/december-cpi-inflation-report


Inflation continued to slow on an annual basis in December, providing welcome relief for American households and a positive development for policymakers at the Federal Reserve and White House.


The Consumer Price Index climbed by 6.5 percent in the year through last month, down from 7.1 percent in the November reading, as prices declined slightly on a monthly basis. The annual inflation rate was the slowest since October 2021, a pullback that came as gas prices dropped and airfares declined.


Economists and Fed officials are more acutely focused on a so-called core inflation measure, which removes food and fuel prices to get a sense of underlying price trends. That measure climbed by 5.7 percent in December from a year earlier, compared with 6.0 percent previously and in line with what forecasters had expected.


The takeaway is that inflation is beginning to meaningfully moderate, helped by developments including cheaper prices at the gas pump and less expensive airfares. But the key question now is how quickly and how completely it will return to normal after a year and a half of unusually rapid increases, and policymakers are wary that a full deceleration could be a long process.

CPI-1-12-23.PNG
 
More pain ahead for consumers. More layoffs coming. Gas prices will be rising. Smoke and mirrors on inflation numbers. Inflation way to high. The reality is…prices will squeeze consumers for the rest of 2023. The stock market is going to tank.
 
Well, he's 25 minutes late and we're still waiting.....:dunno:
Who wants to bet that he doesn't even show up for this at all ??? :laugh:
 
felixthecat said:
More pain ahead for consumers. More layoffs coming. Gas prices will be rising. Smoke and mirrors on inflation numbers. Inflation way to high. The reality is…prices will squeeze consumers for the rest of 2023. The stock market is going to tank.
Click to expand...

Before Christmas gas around here was under $3.00 a gallon currently siting around $3.50. Gas is going up.
 
Yes, here too. Too much money investing in oil by big time investors. Expections are high for another year of solid returns on oil. What a joke…oil is going to shoot up and inflation will spike back up. Wait and just see it unfold folks. Big corporations run this country and they always get what they want until we have a redistribution of wealth back to the usual ratio.
 
felixthecat said:
Yes, here too. Too much money investing in oil by big time investors. Expections are high for another year of solid returns on oil. What a joke…oil is going to shoot up and inflation will spike back up. Wait and just see it unfold folks. Big corporations run this country and they always get what they want until we have a redistribution of wealth back to the usual ratio.
Click to expand...

Perfect intro to re-watch this George Carlin vid. This is from 2005, but listen to all the similarities to what's going on around us now today with social media, corruption, Woke policies, etc.......
Some things are different and yet it's the same, and he recognized all of it.
"...and nobody seems to notice, nobody seems to care..."
I find it fascinating listening to this 18 Years after it was originally performed.

NSFW for a few F-bombs.



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