SPY - DAY TRADE
Hi, today we are going to talk about SPY and in a Day Trade opportunity.
After a week where the U.S labor market got hit by winds of recession. As indicators show the lowest manufacturing jobs gauge since 2016; free fall in small-business hiring plans and the worst U.S. services-employment index in years. Making all relevant economic data be below prognosis set by the market analysts, that already wasn't that optimistic about the economy. Now the expectation is that with this slumpy, the Fed it's going to be forced to take action and make a significant interest rate cut in the next meeting on Oct. 30, which would be the third one in a row. However, we must keep in mind that if the Fed doesn't cut enough basis points to regain market confidence an set a relief, that could start an unprecedented sell-off that if you look at the big picture, its set to come soon or later. So rely on a false optimistic sense that the Fed it's going to save the economy and avoid the recession by brutal force (repo market intervention and rates cut), can be a misstep, in an economy clearing slowing and amid a political turmoil, a little hope for a big trap for the bulls.
Another event today that is relevant to set the market mood, when Powell makes his speech (18:00 - UTC), we must focus if he is going to give at least hints of further cuts so that we can expect a bearish pressure relief on the market, whatsoever its size or duration.
On the political side, at the pace that the impeachment thickens, with new information that is coming from the depositions and data collected. This information is starting to build a case was Trump did pressure a foreign lider for personal gain, against the political rival Joe Biden. The inquiry has gain support amid the population, as polls show that 45% is in favor of the impeachment. Trump, on the other side, looks lost in his owns strategy, blaming the democrats for the bad economic data, and embroil the already delicate situation with China, as he "asks" for the Chinese president to investigate its rival. That shows us that Trump is only concerned about saving his skin, and it's not willing to make any significant changes in favor of the U.S economy, for now.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today, for more exclusive content!
After a week where the U.S labor market got hit by winds of recession. As indicators show the lowest manufacturing jobs gauge since 2016; free fall in small-business hiring plans and the worst U.S. services-employment index in years. Making all relevant economic data be below prognosis set by the market analysts, that already wasn't that optimistic about the economy. Now the expectation is that with this slumpy, the Fed it's going to be forced to take action and make a significant interest rate cut in the next meeting on Oct. 30, which would be the third one in a row. However, we must keep in mind that if the Fed doesn't cut enough basis points to regain market confidence an set a relief, that could start an unprecedented sell-off that if you look at the big picture, its set to come soon or later. So rely on a false optimistic sense that the Fed it's going to save the economy and avoid the recession by brutal force (repo market intervention and rates cut), can be a misstep, in an economy clearing slowing and amid a political turmoil, a little hope for a big trap for the bulls.
Another event today that is relevant to set the market mood, when Powell makes his speech (18:00 - UTC), we must focus if he is going to give at least hints of further cuts so that we can expect a bearish pressure relief on the market, whatsoever its size or duration.
On the political side, at the pace that the impeachment thickens, with new information that is coming from the depositions and data collected. This information is starting to build a case was Trump did pressure a foreign lider for personal gain, against the political rival Joe Biden. The inquiry has gain support amid the population, as polls show that 45% is in favor of the impeachment. Trump, on the other side, looks lost in his owns strategy, blaming the democrats for the bad economic data, and embroil the already delicate situation with China, as he "asks" for the Chinese president to investigate its rival. That shows us that Trump is only concerned about saving his skin, and it's not willing to make any significant changes in favor of the U.S economy, for now.
Thank you for reading and leave your comments if you like.
Join the Traders Heaven today, for more exclusive content!
Feragatname
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