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- ✂️💸 Rate Cuts & Sinking Ships 🚢💥: The Fed's Titanic Approach to Saving the Economy
✂️💸 Rate Cuts & Sinking Ships 🚢💥: The Fed's Titanic Approach to Saving the Economy
Hey there, thanks for checking back in! We have an exciting week of action coming up—let’s brief it!
This Week's Brief
NEWS
The Fed’s Latest Rate Cut: Because Who Needs Savings Anyway?
In yet another thrilling twist to the ongoing monetary soap opera, the Federal Reserve has graciously decided to cut interest rates once again. That’s right, folks, borrowing is now slightly cheaper, because nothing screams "economic stability" like encouraging everyone to take on more debt.
For those keeping score, this is what we call “stimulus” – you know, when the economy is clearly struggling and the solution is, of course, to reduce the cost of borrowing so people can invest in their favorite overvalued tech stocks. After all, why save when you can YOLO into the next market bubble?
So, what does this mean for the everyday American? If you were hoping to one day earn interest on your savings account, well, you’re out of luck. Your 0.01% APY is now essentially just a number that lets the bank pretend they're doing something for you. The real winners here are your favorite hedge funds and corporate debt-laden zombies, who can now refinance for an extra quarter-point and keep the illusion of prosperity alive.
And how about for our dear traders? Well, buckle up. This cut means the stock market is about to go into full "hype mode." Expect to see crypto spike again, Tesla’s stock might jump another 50% just because it feels like it, and the meme stock crowd might start rallying behind companies you’ve never heard of. Oh, and don’t forget about the speculative real estate bubble. All those zero-down loans are about to be a hot commodity again.
But let’s not pretend this is just fun and games. Sure, the market loves cheap money. But in the grand scheme of things, artificially propping up an economy with rate cuts is kind of like slapping duct tape on a sinking ship. Eventually, the Fed will have to face the consequences of keeping the good times rolling for far too long. But hey, that’s a problem for future Fed chairs to deal with, right?
In the meantime, enjoy the party, traders. Just remember, for every rate cut, there’s an inevitable reckoning coming. But that’s a worry for later. Keep your finger on the buy button, but don’t forget to sell before the music stops. Because when it does? Well, you probably won’t even hear the crash over the sound of everyone simultaneously screaming "Recession!"
Happy trading!
EVENTS
Important Data Events - Week 39
🟠 = less important
🔴 = more important
Monday, September 23
3:15a EST 3:30a EST 4a EST 4:30a EST 9:45a EST | 🔴French Flash Manufacturing PMI 🔴German Flash Manufacturing PMI 🟠Flash Services PMI (EUR) 🔴Flash Services PMI (GBP) 🔴Flash Services PMI (USD) |
Tuesday, September 24
12:30a EST 1:05a EST 4:00a EST 9a EST 10a EST 1:10p EST 9:30p EST | 🔴Cash Rate (AUD) 🔴BOJ Gov Ueda Speaks 🟠German ifo Business Climate 🟠S&P/CS Composite-20 HPI y/y 🔴CB Consumer Confidence 🔴BOC Gov Macklem Speaks 🔴CPI (AUD) |
Wednesday, September 25
10a EST 10:30a EST | 🟠New Home Sales 🟠Crude Oil Inventories |
Thursday, September 26
3:30a EST 4a EST 9:20a EST 9:30a EST 10a EST 11:15a EST 7:30p EST | 🔴SNB Policy Rate (CHF) 🔴SNB Press Conference 🔴Fed Chair Powell Speaks 🟠ECB President Lagarde Speaks 🟠Pending Home Sales 🟠Treasury Sec Yellen Speaks 🟠Tokyo Core CPI |
Friday, September 27
3a EST 8:30a EST 10a EST | 🟠Spanish Flash CPI 🔴Core PCE Price Index 🟠Revised UoM Consumer Sentiment |
WEEKLY TRADING LEVELS
FUTURES INDICIES
Enjoy this list of levels that have been curated for you! These levels are some major support and resistance levels that have been identified as areas of interest.
Use them to guide your charting, happy trading! ☘️
ES 5912 5849 5822 5797 5700 5675 5608 5540 | NQ 20983 20796 20598 20162 20085 19959 19868 19560 |
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Till’ next week! Peace out, happy trading! 😝
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