Markets will likely do the same FED day drama -- hyped up markets as premarkets are trading up and consolidate until the Fed announcement, then whipsaw-bang around markets. Typical Fed day manipulation. It is better to snooze than to be scammed by the high speed manipulation with foolish higher risk. Most of market participants are completely turned off prior to the announcement even though we are not expecting much. Just another market drama for manipulation.
The reality on the Fed day: Markets will likely do the same FED day drama -- hyped up markets as premarkets are trading up and consolidate until the Fed announcement, then whipsaw-bang around markets. Typical Fed day manipulation. It is better to snooze than to be scammed by the high speed manipulation with foolish higher risk. Most of market participants are completely turned off prior to the announcement even though we are not expecting much from the Fed at this point with the zero interest rate. Market speculation and hype going into the Fed day is just another market drama for market manipulation.
All we have is continued market hype with printed money without genuine economic growth except spending trillions of debt into inefficient government operations even though it is nice to do make-over infrastructure of old roads, schools, and energy grids.
As shown on the daily charts, we are seeing severe negative divergences for weeks as markets are continued pushing up. Major markets have stayed in a tight trading range as the Fed/the Gov/G20 continue to flood markets with printed money to inflate the markets. I noted before, the mega funds are already in the markets since the March 6, SPX 666 bottom and are waiting for small funds to enter the markets. Those who are sitting on cash since the 2007-2008 tops would be tempted to enter the markets thinking that US Economy is recovering even though market bounces which we have seen since March 6 is superficial as we don't have real job growth. While financial markets often lead Economy, we are living in different era than decades ago as shown on the chart below that the economic growth since 2000 was superficial as US Economic growth is based on Americans spending over their real income.
Considering the job loss and overspending, the real US economy obviously is a complete mess and markets are continuing to hype to fool many who have not facing the reality of the financial scam as we can see through the reality of US economy and the health of US with massive deficit and demolished wealth for many.
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