Amazing how it all perfectly plays out. And people refuse to accept that the powers that be plan, influence, and execute this stuff. The FED has completely strayed from its mandate, which entails not worrying about the equity markets every second. They have toyed with us regarding rate hikes for almost 3 years, and keep having an excuse every single time. Do people not realize that there are some very powerful vested interests in keeping interest rates low? (Read: Big Banks)
Again and people don't question it. The fed refused to raise rates in May because only 38k jobs were added. Now almost 300k were added in june. In April, 160k. How can people not see how bogus the May report was, conveniently around the time a rate hike was very imminent? and then all of a sudden we now have an almost 10 fold increase in jobs within a month?!
Oh and it just so happens that around the same time restrictions on share buybacks and dividend raises for banks were lifted.
How much u wanna bet this rally is fueled by the financial sector? Common folk need to realize the banks are sleeping with the fed and have literally taken over what IS the American economy. Maybe for the better, maybe for the worse. But for me it doesn't feel right when stocks, bonds and gold are all rallying at the same time, while the FED destroys the yield curve. I wonder what the excuse is gonna be now at all time highs, but u bet they are working on it...something is in the works. Some number is getting fudged, either GDP, jobs, consumer price index, is gonna miraculously SUCK by September and then the fed will be like oh ****....we can't raise rates now....lol.
I stick to my market neutral strategies, and that's where I'm gonna be for the foreseeable future. But in the grand scheme of things, this will end badly for the average American, and they will have to pick up the pieces and start over. I guess it's no big deal. They've done it before and will have to wait another decade, maybe two to catch up again. Time is money.
