Fed + end of year = rally time!
Leave no doubt, the end of the year combined with a Fed that will never ever ever raise rates…and we get juiced off support for many major indices at the all-important 50 day average.
Massive sell mode has again turned into massive buy mode as the Fed teases raising of rates but never does. We were amazed to read a headline saying Fed sets the stage for rate hikes! Where? When? Ain’t happening. And due to the fact that the markets adore easy money, another ugly sell-off negated and negated easily. Add in the report this morning that the ECB is guaranteed to print in the trillions in January and the Swiss showing negative rates…and we continue to get an all-in.
We would love to give you a tutorial on how to play massive sell-offs…which abort immediately and turn back up but we haven’t found that manual yet. Just realize the same areas we have been bearish on for months…remain bearish…notwithstanding their massively oversold condition which are now leading to their oversold rallies.
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