Its generally its been a difficult month as volume has been absent for most of the month. The last two weeks of November has barely been worth trading. We have been drifting slowly downwards as the easy stimulus gods reign supreme, killing the volatility and the interest. The beginning of the month with the rate cut was the best period of trading, lots of volume and opportunities, and luckily I made a bit of money at that time, since then we had a strong Non Farm, and mediocre data else where which provided the perfect ingredients for the storm higher in Equities, and drift higher in Bonds.
Coming into December, its likely going to be a quiet one, although the first couple of weeks hopefully will have a bit of action, with the raft of data that is coming out. Some good data could give speculation for early taper, although it will likely only be speculation as the FED wont do anything for a long time in my opinion.
Its funny they continue to maintain their need to purchase $85 billion a month, despite signs of improvement. The Fed should show some confidence in the economy by tapering a slight bit, they wont be raising rates, just tapering as if there is a time to do it, it is now as we are up 30% in stocks and so even a slight pullback wont dent the years gains too much. But they have no balls, looks like its going to stay this way for a long time.
Coming into December, its likely going to be a quiet one, although the first couple of weeks hopefully will have a bit of action, with the raft of data that is coming out. Some good data could give speculation for early taper, although it will likely only be speculation as the FED wont do anything for a long time in my opinion.
Its funny they continue to maintain their need to purchase $85 billion a month, despite signs of improvement. The Fed should show some confidence in the economy by tapering a slight bit, they wont be raising rates, just tapering as if there is a time to do it, it is now as we are up 30% in stocks and so even a slight pullback wont dent the years gains too much. But they have no balls, looks like its going to stay this way for a long time.
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