I just wanted to show you what I said earlier, I believe is pure market manipulation.
Most risk assets are not participating, institutional size positions can't be flipped like we can so CONTEXT is well below ES, making ES rich and not well supported by Risk Assets broadly.
HYG/High Yield Credit is so liquid that it can be used, this was one of the first hints we had today.
The Euro is of no use at all as far as supporting the market, at best it's just not falling.
This is the kind of move we want to see to sell in to and sell short in to price strength, but underlying market weakness.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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