Lions and friends…
Despite recent volatility in the stock market, the debt market- which is THE driver of global markets remains stable.
The MMRI is currently 226.7.
This tells me that there is a high probability that what we are seeing in the equity market should stabilize however, IF we see a spike in the MMRI, I would expect more losses for stocks.
GM
What a clown show , I know its bad but was really hoping when the mmri hit 300 we were witnessing the big one . So tired of the manipulation and enslavement and people's stupidity the only way Americans will wake up is if they lose all their precious fiat dollars
Nobody Special Finance mentioned yesterday that the sell off going into Christmas could be a result of Tax-Loss Harvesting due to the "swoon" in the equity market this year...similar to 2018. Also, this is Triple Witching Week in options, resulting in contracts and positions closing for the year. With that said, many people are reluctant to open up new positions or contracts until January, leading to low liquidity...and when the market can be re assured that the FED actually has their back. It's not going to be necessarily a "crash", but more so that people can pay off their taxes and refresh their positons/books for a new year. With low amount of buyers, short sellers can take advantage of the situation...despite what the debt market may or may not be signaling..and there are some people like me who see more of a downside, just because of the inversion in the yield curve. If the 10 Year Yield was behaving rationally compared to other yield curves and the FED Funds Rate, i'd be as bullish as Mannarino. But, there are still too many other factors that don't make it a great setup for the FED to really buy up the market now.