Timing Stock Market Successfully
  • Home
  • Members
  • Testimonials
  • Contact
  • Home
  • Members
  • Testimonials
  • Contact

Updates for Monday 8/30/21

8/29/2021

0 Comments

 
We trade 3x ETFs such as TQQQ TNA SOXL LABU UVXY using proprietary analysis of volatility. 

Updates 3:30 PM EST -  Sunday (for Monday 8/30/21)
​

Events this week
Here are some important reports coming out this week.   Click here for full economic calendar.

Tuesday:   Case-Shiller Home Price Index
Wednesday:   ISM Manufacturing Index
Thursday:  Jobless Claims, Factory Orders, Productivity & Costs
Friday:   Employment Situation,  ISM Services Index

On Monday 9/6, both stock and bond markets are closed for Labor Day.    

Wall of worry:  tapering and rate hikes
In his much anticipated speech on Friday, Powell confirmed that tapering would begin later this year.   Market responded by buying a lot more stocks and bonds.   $SPX $NDX IWM rose.   The entire bond spectrum rose:  30-yr (TLT), 10-yr (IEF), corporate (LQD), junk (JNK).   

Most likely, market participants are cheering the fact that there was not any mention of imminent rate hikes.  Powell said "there is much ground to cover", implying that the Fed is a long way from raising rates directly.   But he is keeping the options open for the Fed.   WSJ discussed the following timing scenario:  "if Delta begins to weaken, investors should be ready for the Fed to make that commitment when it next meets in early November, and for it to start paring back its purchases shortly thereafter."

Wall of worry:  inflation
​Market participants are clearly nervous about inflation, evident by the huge demand for TIP ETF on Friday.   (TIP:  Treasury Inflation Protected Bonds)
  • Consumer spending rose 0.3% in July.
  • Consumer prices rose 4.2% from a year earlier, which is way higher than the Fed's goal of 2% inflation.
  • Consumer sentiment was down sharply in August.

Inflation in itself does not lead to market crashes, but its trend will greatly affect the Fed's monetary policy.  

Subscribe now to read the rest of this post.   Subscribe at our introductory low rate of only $39 per month!   
0 Comments



Leave a Reply.

    Archives

    March 2025
    January 2025
    July 2024
    February 2024
    January 2024
    December 2023
    November 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    March 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019

    Categories

    All

    RSS Feed

Copyright (c) 2019-2024 LOOK Systems LLC
All rights reserved.