LIVE: Its Not Over! Bond SELLOFF Resumes. STOCK MARKET FALLS UNDER PRESSURE. MMRI SPIKES. Mannarino
From Greg M
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The 10YY isn't done rising. I'm guessing that at some point next week or the following week, it will gap above 5%, because the simple moving averages are showing strong support. As stated in a previous newsletter, the MMRI usually dips below the 50 SMA several times before reversing into a downward trend, and this is the first time it has dipped below the 50, since the 50 SMA and 200 SMA crossed. This is going to put tremendous pressure on the stock market. However, it might be exactly what insiders are wanting.
There are plenty of demand zones under 4100 for the S&P 500. I have posted multiple times that prior to the last FOMC, the market could've been anticipating a FED rate cut announcement by Powell, which is why the market has been falling since August. Powells' rhetoric turned out to be more hawkish than anticipated, and I believe that the market began rising rapidly because smart money needed to close their contracts quickly....all of this as a result of more pressure in the bond market moving forward. The market knows that by not cutting rates and by not raising rates, it keeps drying up liquidity from indecision. So the market can anticipate that this will lead to more problems, and with more problems, it gives more room for the FED to act. Smart money knows that by pausing rates moving forward it will break the banks, and this is why the market is selling off again. With more bank failures, it allows the FED to use emergency measures to cut rates in order to stop the bleeding.
The stock market falling into those demand zones allows insitutions to buy even more cheap contracts, while everyone is running to the door from fear. The FED isn't done buying, they are just going to send this market down, so the wealthy can buy it back cheap. They do this everytime...taking advantage of a crisis.
I dont see any rate cuts happening in this old system until cbdc is issued . The whole point was to the crash the system and bring in the new beast system why would they stop before the job is done? Bitcoin needs internet yes? probably wont be able to access it unless you get chipped and marked I dont trust it sorry