Ex-Hedge Fund Portfolio Manager. Full-Time Parent, Data Scientist & Interest Rates Trader. Disc: If you trade off what you read on Twitter, I can't help you.
QE or not QE? If it walks & quacks like a duck.. well, it's prob darn gonna #trade like a duck too.🐤💵🐤
https://t.co/EVu0hhoAR1
@federalreserve can call it whatever they want. From #Repo's to POMOs, LSAPs to (shh) #QE.. what you need to know & what happens next. 🔥💵🔥
Mission: Accomplished, Chair #Powell🤦♀️
24hrs after trying to move #FOMC back to neutral on #rates, #market adds half a cut back thru end 2020🔥💵🔥💵
@federalreserve: impressive run of ineptitude continues. @NewYorkFed#traders: maybe cancel those big holiday plans...🚧👨🔧🚧
Past 100 #FOMC mtgs: once we've reached these "odds" @federalreserve has never NOT delivered #rates#market modal outcome (hike, hold or cut)🔥💵🔥
1 last cut 10/31? #NotQE a passing fad? Sorry #markets will always need #MOAR
Beware incentives👩🏭🚧 https://t.co/SWBI8qCwu0
#Rates position increase on Fri largest in 6 mths by factor of over 2.5x as @federalreserve says they'll buy all the bills - & then some.
So, how's the monster-sized herd doing in today's torrent of unwinds? 🐏🐏🐏
Not good. Not good at all. 🔥💵🔥💵
https://t.co/68O7qhonjb
@realjosecjaime Good catch. It was. Snapped it between time prelim OI report came out (~4am EST) and the final (~10am). Swing in prelim vs final meant ending values weren’t as extreme. Happens when there are large OI moves in funds that have many-X alloc (project for another day).
Kabuki policy at its finest @federalreserve. Just #NotQE👺🚧👨🔧
Last 2wks, #markets migrate from needing both Oct&Dec #FOMC cuts to now just Oct..
..in exchange for extended term #repos, @NewYorkFed#traders buying entire yr's net bills supply+more 🔥💵🔥
@GauravSaroliya@MarketBlondes@NewYorkFed@federalreserve Crudely:
Imagine a preschool class. Teacher one day says everyone has to pay a fee at mth end for however many times they use the WC. Dimon, richest kid in school, says “Mmkay. No tks. I’ll just go in the hall. We’ll see how long this lasts..”
Today’s conf call proved it.
Obviously, total coincidence biggest #money#market fund in world yanked cash from o/n mkt start of Sep, doubling WAM in 10 days, right before all hell broke loose. 🤔
@NewYorkFed & @federalreserve called in, less than mth later Not QE 4
Heck of a trading strategy Jamie 🔥💵🔥