No Rate Hike – Move On Pot Stock WatchSeptember 19, 2016 4 Comments Posted without comment. There will be no rate hike. Impossible.USD to continue lower.
Anything’s possible Kong.
I wouldn’t put it passed Yellen to hike just to get on Trump’s good side and say “Remember when I hiked before you even won the election… how about keeping me on as Fed chair?”.
Don’t see much of a rally if there’s no hike (depends how dovish they are about December). Massive risk if they do hike.
It’s in the Fed’s best interest to hike so they don’t look like the boy who cried wolf. They shouldn’t let the market dictate what they do, it’s time to show the market who’s boss. The data has been “good enough” (in their eyes) to justify a hike IMO.
And so it goes……like I say – sit this day to day crap out. There is always a great entry “after” the shit hits the fan.
Just be patient….let tomorrow pass…and then make your move.
I’m not in any USD or JPY related plays right now and won’t be until the dust settles.
Already booked profit on the EUR/NZD long and only holding a newly entered NZD/CAD short right now.
As far as rate madness goes, I’m short a few stocks that I’ll add to if the market rallies.
A rate hike tomorrow for me just be earliar than expected profits on the shorted stocks.
NICE. sounds bang on the money!