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Tag Archive for ‘NYAD’
Some notes of observation as new highs once again dominate the headlines. As I wrote a few weeks ago in Thin to Win these rallies are not expanding at all. Indeed they appear to be getting weaker underneath. I’ll show you some data points. Firstly note the current structure of the market. Most all gains appear via overnight gaps, then the action devolves into nothingness and non tradable 2-3 handle ranges. […]
It’s all about the magic. Firstly, following up on the Liquidity Wave: Mario Draghi followed through on his primary mission and did not upset markets. Indeed Super Mario gave the $DAX virtually all of its price gains for October: Magic. Just so we’re still clear who’s running the price discovery show in global markets: Central bank balance sheets have expanded by $4.5 Trillion since the beginning of 2016. pic.twitter.com/wh4mBVl99D — […]