Taper lol.— Sven Henrich (@NorthmanTrader) November 12, 2021
As CPI rolled in at 6.2% & consumer sentiment has plummeted to a 10 year low the Fed has increased its balance sheet by another $88B just this week to a new record high of $8.66 trillion. pic.twitter.com/T2n7HrtBDG
What's worse fucking covid or now?— Teutoburg's PE-Backed Shitco Emporium (@Teutoburg1) November 12, 2021
Consumer: Now pic.twitter.com/S6Ak7QmQb9
I expect the $VIX to reverse back upward between right here and 15.91. I’m surprised at some of my favorites seeing a possible year end rally from here..seems to me we are just getting started to the downside with this week showing the first cracks forming.Something akin to 2018? pic.twitter.com/FdnUJJHW8L— Premature Accumulation Pajama Punster (@MoMoBagholder) November 12, 2021
JPMORGAN: “ .. the working-age population .. has been falling for almost two years .. the vast majority of the shortfall .. appears driven by a decline in immigration to the United States, beginning during the Trump administration and continuing through the COVID pandemic.” pic.twitter.com/DbEegk9VqK— Carl Quintanilla (@carlquintanilla) November 12, 2021
Trickiest Wave: (1) W-4 is to kill time & shake off both bulls and bears, whereas B-wave, according to EW Principle, "are phonies, sucker plays, speculators' paradise." (2) well, most likely SPX is at w(b) of W-4--so, you do the math. (3) it would be directionless for a while.
Hit 4680: (1) see my tweet yesterday: "would short it if it gets to 4680;" it gets there today. (2) most likely SPX is working on w-b of W-4; as always, w-b is the most difficult to map out--as the purpose of this wave is to kill time & shake off weak hands, both bulls and bears.
Major breakout on agricultural commodities.— Otavio (Tavi) Costa (@TaviCosta) November 12, 2021
Food prices are poised to rise significantly from here.
This will likely become one of the primary drivers for inflation. pic.twitter.com/eHxZH5zosg
The bizarre accuracy of seasonality in $SPX continues: Major seasonal low Oct 11th -13th (played out), first week of Nov one of strongest annually (played out), back&forth/weaker phase Nov 10-20th (underway). Won't continue this accuracy forever, but worth tracking until it stops https://t.co/WyqvJaVnjK— Adam Mancini (@AdamMancini4) November 12, 2021