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Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Spring

Spring

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Fri. Apr. 3 @ 8:30 am ET ~ Employment Data
* Wed. Apr. 8 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Fri. Apr. 10 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. Apr. 15 @ 8:30 am ET ~ Core Retail Sales & Retail Sales
* Wed. Apr. 15 @ 2:00 pm ET ~ Beige Book Report
* Wed. Apr. 29 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference

*** Click here for link to Economic Calendars for all upcoming events

Tuesday, March 03, 2020

US Fed Makes Emergency 50 Basis Rate Cut & US10YT Drops Below 1%

U.S. Federal Reserve Chairman Jerome Powell announced an emergency federal funds rate cut of 1/2 percentage point to 1 to 1-11/4 percent today at 11:00 am ET...this follows a conference call with G7 Finance Ministers and Central Bankers this morning.

The following is their statement.


Chairman Powell's press conference can be viewed in the video below.

The big takeaway word that he uttered was "uncertainty"...which I've mentioned extensively in my latest posts over the past week...so, trade with caution!


So far, other Central Bankers have remained silent as to their intentions.

As I write this post Tuesday at 1:50 pm ET, the US10YT is continuing to plunge to new 60-years lows and is now below 1%...signalling there's not a lot of confidence in further demand for higher equity prices (as per my recent post)...and further corroborating the need for a much larger remedy, as I emphasized in this recent post, not only by the U.S. government, but by other world leaders, as well.

But the time for that is likely long gone, so, to repeat, trade with caution!


Volatility is here to stay, especially if the SPX:VIX ratio is unable to retake and hold above 80, and then 100!