tsptalk's Market Talk

[nnuut]

What the heck is wrong with the AGG ["F" Fund]?

 

[tsptalk]

It's just stuck in its range(s)...

The fact that it's holding up is interesting with chances of a rate hike increasing today. They (the bond market) don't seem to believe the Sept. hike story, though.

 

[nnuut]

Every time I put a little money in the "F" it has it's way with me!!

 

[sgtbriangreen]

Every time I put a little money in the "F" it has it's way with me!!

Its just "F***ing with you.

 

[tsptalk]

The small caps are testing support and the 20-day EMA again this morning...

 

[tsptalk]

The Nasdaq 100 has been looking a little "toppy" recently. Today's decline actually fills a small open gap from earlier this month. We'll see if it today's lows, and the bottom of that gap, can hold now...

 

[wavecoder]

Strong couple of days from silver, looks like it's bouncing back up

 

[tsptalk]

Yeah, nice pop today. I hadn't noticed it had gone down so much off the $21 highs.

 

[tsptalk]

It's the 3:33 pre-holiday whoop time...

 

[tsptalk]

The dollar is taking a beating today. Hello I-fund.

 

[jkenjohnson]

The dollar is taking a beating today. Hello I-fund.

Is that a recommendation to move some money into the I fund?

 

[tsptalk]

No. Unless you can go back in time to Friday.

 

[wavecoder]

The S&P has been literally flat for about a month and a half. What kind of move usually follows this? I haven't seen anything like it

 

[tsptalk]

Usually it's the precursor to a big break, but the direction is not always easy to determine. The fact that we have a huge inverted head and shoulders pattern on the Transports and the EFA is a good sign, but they can always pullback to test the head again. It's never easy.

 

[tsptalk]

Interesting. Trying to breakout early Wednesday...

 

[tsptalk]

Early test of key support...

 

[tsptalk]

Early test of key support...

Like a hot knife through butter...

 

[tsptalk]

Look for some possible gyrations after 11:00 am this morning...

Why market watchers are obsessing over the Fed's Lael Brainard right now

Monday comes with what may be the year’s most closely watched speech from a member of the Federal Reserve Board who is not Chair Janet Yellen.

At 1:15 p.m. ET, Fed Governor Lael Brainard will speak on the economic outlook and monetary policy at the Chicago Council on Global Affairs. While the event had reportedly been in the planning phase for some time, it was only on Thursday that the organization revealed when she would speak. This has led some market watchers to speculate that Brainard, who is a known dove, may offer a hawkish tone, which could in turn be seen as a sign the Fed will hike rates at its Sept. 20-21 Federal Open Market Committee (FOMC) meeting. The Fed last raised rates in December 2015.

Why market watchers are obsessing over the Fed's Lael Brainard right now - Yahoo Finance


Not to get political here, but as I mentioned in a couple of prior market commentaries, Lael Brainard was the one who was "caught" donating the max contributions to the Clinton campaign, something that is unusual for the supposedly non-partisan Feds. So, I expect a more dovish statement from her.

 

[tsptalk]

Not to get political here, but as I mentioned in a couple of prior market commentaries, Lael Brainard was the one who was "caught" donating the max contributions to the Clinton campaign, something that is unusual for the supposedly non-partisan Feds. So, I expect a more dovish statement from her.

As advertised...

Fed Governor Lael Brainard — a voting member of the central bank's policymaking committee — said in a speech that, while economic progress continues, it would be wise for the Fed to keep monetary policy loose.

http://www.cnbc.com/2016/09/12/us-stocks-open-lower-amid-global-sell-off-fed-elections-in-focus.html

 

[jkenjohnson]

These are strange times. I thought yesterday was the beginning of a short rally and then wham!