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CTick
The Cumulative Tick crossed below its average.
First time since February 17.
Anyway, the Fed will be too late to raise rates: the US$/the markets/bonds will have already anticipated the raise, which means that they will not be able to do anything. It will be a never ending search for excuses not to raise rates.
The other solution is to raise rates by 0.1% and then declare victory: "You see, the Fed is in control"
In the meantime, I am not shorting here. I took my loss on the long positions and will wait for the gods of trading to text me what to do.
Interesting to see that the overheated biotech stocks are down by less than one percent... Less than treasuries!
This hype is not over!
Pascal
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