Editorial Representation of Joseph Wang
EDITORIAL REPRESENTATION

FED PLUMBING

Joseph Wang

Former Fed open-markets trader. Reads the market through reserve balances, the TGA, repo and the mechanics of QT — where policy meets the money market.

VIEWS 0
LAST PUBLISHED 6D AGO

Catch-Up

Generated 08:00 ET

0 current views. 0 bull, 0 neutral, 0 bear. No current view.

At Generation 0 Bull · 0 Neutral · 0 Bear
Mix By Horizon
1 Week
1 Month
1 Year
Gone
SPY
BEARISH
The S&P 500's spot-up, vol-up dynamic is unstable, can produce V-tops, and reflects a later stage of the bull market. Month
LABOR
BEARISH
The labor market may be tightening and potentially overheating because the unemployment rate continues trending lower despite a negative payroll print. Month
MSFT
BULLISH
Microsoft and Amazon are zooming higher as the Mag 7 gains a second wind, helping carry major equity indexes upward. Month
DXY
BULLISH
The yen will continue weakening unless the Bank of Japan raises rates at a more aggressive pace, as intervention cannot overcome wide rate differentials. Month
Fed Policy
TIGHTER
Bank of Japan rates need to rise at a more aggressive pace to correct the interest-rate differentials driving persistent yen weakness. Month
TLT
BEARISH
Long Treasury yields may stop trending higher because increased Iran peace talks remove a major headwind that had supported higher rates. Month

A daily catch-up of talking heads, in fifteen minutes.

Current Views

ANALYSTDIRECTIONTOPICSUMMARYHORIZONFRESH
Editorial Representation of Joseph Wang Joseph Wang FED PLUMBING
BEARISH Moderate
SPY
The S&P 500's spot-up, vol-up dynamic is unstable, can produce V-tops, and reflects a later stage of the bull market. DIRECTION ONLY $SPY
Month 6d
Editorial Representation of Joseph Wang Joseph Wang BEARISH Moderate
SPY Month 6d

The S&P 500's spot-up, vol-up dynamic is unstable, can produce V-tops, and reflects a later stage of the bull market.

$SPY
Editorial Representation of Joseph Wang Joseph Wang FED PLUMBING
BEARISH Moderate
LABOR
The labor market may be tightening and potentially overheating because the unemployment rate continues trending lower despite a negative payroll print. DIRECTION ONLY
Month 6d
Editorial Representation of Joseph Wang Joseph Wang BEARISH Moderate
LABOR Month 6d

The labor market may be tightening and potentially overheating because the unemployment rate continues trending lower despite a negative payroll print.

Editorial Representation of Joseph Wang Joseph Wang FED PLUMBING
BULLISH Moderate
MSFT
Microsoft and Amazon are zooming higher as the Mag 7 gains a second wind, helping carry major equity indexes upward. DIRECTION ONLY $MSFT
Month 6d
Editorial Representation of Joseph Wang Joseph Wang BULLISH Moderate
MSFT Month 6d

Microsoft and Amazon are zooming higher as the Mag 7 gains a second wind, helping carry major equity indexes upward.

$MSFT
Editorial Representation of Joseph Wang Joseph Wang FED PLUMBING
BULLISH Strong
DXY
The yen will continue weakening unless the Bank of Japan raises rates at a more aggressive pace, as intervention cannot overcome wide rate differentials. DIRECTION ONLY $DXY$UUP
Month 6d
Editorial Representation of Joseph Wang Joseph Wang BULLISH Strong
DXY Month 6d

The yen will continue weakening unless the Bank of Japan raises rates at a more aggressive pace, as intervention cannot overcome wide rate differentials.

$DXY$UUP
Editorial Representation of Joseph Wang Joseph Wang FED PLUMBING
TIGHTER Strong
Fed Policy
Bank of Japan rates need to rise at a more aggressive pace to correct the interest-rate differentials driving persistent yen weakness. DIRECTION ONLY
Month 6d
Editorial Representation of Joseph Wang Joseph Wang TIGHTER Strong
Fed Policy Month 6d

Bank of Japan rates need to rise at a more aggressive pace to correct the interest-rate differentials driving persistent yen weakness.

Editorial Representation of Joseph Wang Joseph Wang FED PLUMBING
BEARISH Moderate
TLT
Long Treasury yields may stop trending higher because increased Iran peace talks remove a major headwind that had supported higher rates. DIRECTION ONLY $TLT
Month 6d
Editorial Representation of Joseph Wang Joseph Wang BEARISH Moderate
TLT Month 6d

Long Treasury yields may stop trending higher because increased Iran peace talks remove a major headwind that had supported higher rates.

$TLT

Wordcloud

RatesBankJapanMarketYenAmazonLaborMicrosoftS&PAggressiveDifferentialsInterestMajorPaceRateTrendingBullCannotCarryContinueContinuesCorrectDespiteDrivingDynamicEquityGainsHeadwindHelpingIncreasedIndexesInterest-RateInterventionIranLaterLongMagNeedNegativeOvercome

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