If anyone’s had question as to “just what extent” the Central Banks have got their hands wrapped around these markets – you’ve gotta love this.
A -34 point loss on The SP 500 as U.S Equities erases 2 full months trading in a matter of hours, while the U.S Dollar ( and the entire currency market for what it’s worth ) remains unchanged.
Honestly, on a day like today ( perhaps a year ago ) I would have been dancing around the patio naked, with a sombrero and the Ipad, busting a gut at the ridiculous amount of profits made with my “short risk” positions – but today?
I can’t freakin well believe this. The entire Foreign Exchange Market is on lock down.
The U.S Dollar has moved all of 15 pips vs JPY and for the most part, not a single currency has made a move “any larger” than one might expect during a typical “hour” of normal trading. It’s like nothing has even happened!
Frankly, I’ve never ( in my entire career trading ) seen anything like it, and find this to be extremely concerning.
If a “day like today” can’t get this thing off it’s ass – WTF???
As these things don’t turn on a dime – I understand, but in this case we’ve got a real anomaly here.
This MUST be setting up for something far larger.