Chapter 277 – The Powellian Listening Test
Stock club.
The recent atmosphere in the east has no choice but to be heinous.
“Fuck…”
“Life sucks.”
“Don’t fuck with me! I’m going to kill them all!”
Because it made money.
Recently, the stock market has been smashed regardless of index and individual stocks.
Those who hit hata also have their hands cut off.
It is fortunate that even one arm remains.
“The reason we lost money.”
“Is it because of the FOMC?”
“Okay.”
“”What the hell was there?!””
I knew it would happen.
It is also the right timing.
‘Learn about US stocks.’
FOMC.
This is an important event that affects stock markets around the world.
Surprisingly, no one is interested.
It’s only after the stock market goes down that it sucks.
“That’s what happened.”
“I wouldn’t buy stocks if I knew.”
“I’ll have to take care of it next time.”
“But why didn’t you tell me beforehand?”
“”That’s right!””
I usually don’t listen to what I say.
It is a person who moves only when the light is on.
‘I don’t want to know anything complicated.’
It is mentioned quite often in the news.
I just don’t pay attention to what it is.
The fact that something special is right.
It is only when the account is cut in half that you realize the importance of the FOMC.
“The FOMC is the meeting that decides US interest rates, and Jerome Powell is the bastard that decides it.”
“Fuck you.”
“Pup.”
“Why does it affect the world?”
“It’s not even our country’s interest rate.”
Regardless of gender, her mouth became gargantuan.
I am growing as an investor.
‘Because interest rates are closely related to exchange rates.’
If the US raises interest rates, other countries are forced to raise them as well.
Why?
If not raised, it could be designated as a currency manipulator.
It will be stamped on by the US.
“If interest rates go up, it’s obviously bad news for the economy.”
“Oh so…”
“Aren’t we a currency manipulator anyway?”
“The US-Korea standard rate was inverted.”
“I have a sense of jeottinggi as much as possible.”
This is because of the real estate-oriented and export-oriented economy.
Sudden fluctuations in the exchange rate are a major blow.
‘Still, since we’re allies, we’re going to take care of it to some extent.’
It is benefiting from the irreplaceable position of the ROK-US alliance.
If it wasn’t for that, it would have been filmed long ago.
But other countries are different.
An increase in interest rates in the US will inevitably reduce global demand.
“The stock market bubble is bursting.”
“Isn’t the KOSPI a bubble?”
“As exports decrease, they are beaten together.”
“”Fuck.””
Korea is greatly affected.
Unlike Nasdaq, this is the reason why they are on a forced diet even though there is no bubble.
‘Almost to the level of starvation.’
Most of them are directors.
Club members deserve to vomit their anger.
It’s a headache just to work in Korea, but you have to worry about the US too?
This is the reason why the club members were summoned at this late hour.
After 10 p.M., They appear one by one.
Events in the United States.
“FOMC?!”
“Is something going off again?”
“No, it’s not every day.”
The gakseol that comes every day is not the same nobleman.
There are problems that arise because of that.
‘Because the ripple effect is so great.’
The impact on the world economy is enormous.
Any misinterpretation can cause astronomical damage.
So, keep in touch with the market.
Fed members take turns to speak.
———————————————+
『Economic Calendar』
22:30 US new jobless claims
22:30 U.S. Consecutive jobless claims
00:00 University Michigan 5-year inflation reserve
00:00 University Michigan One-Year Inflation Reserve
02:00 Yeonjun Powell’s Showtime
03:30 Fed Waller remarks
05:00 Fed Harker remarks
+———————————————
If you look at the economic calendar, there is a timetable.
It’s time for economic indicators and important remarks.
“Wow, that’s the first time I’ve heard of it.’
“It feels like a real investment.”
“But aren’t these just one or two?’
“Too many.”
“How do you know what’s important!”
Economists.
Based on these data, we analyze the real economy.
Such a boring thing to do.
‘Only people like professors do it.’
Investors have a different perspective.
It’s the same analysis, but it digs into the psychological part, not the economy.
“Oh!”
“I have a feeling.”
“So what do you do?”
“I can’t get a sense of the psychological part…”
There are practical reasons.
As soon as the indicator comes out, buying or selling the stock seems to make a profit.
‘Because that doesn’t work.’
Because of the reaction rate.
The large securities firms in the United States are located very close to the stock exchange.
It takes 0.07 seconds for an Internet line to come and go.
Run a program that does it automatically.
“And…”
“Poisonous, poisonous.”
“There are more of them.”
“That’s why all American securities firms are located in New York.”
What if the indicators are bad?
The program sells like a knife.
In a word, it sells faster than anyone else
‘It’s a field where competition is fierce even among whales.’
It is a famous anecdote that securities companies moved their headquarters as a group to shorten the time by 0.01 second.
This is called ‘passive investing’.
What ants can’t do even if you beat them to death.
So, what our fund aims for is the ‘active investment’ side.
“It looks like some kind of skill.”
“It’s a term used a lot in games.”
“That’s right. The passive is automatic, and the active must be used manually.”
“”Oh~!””
Are the indicators bad?
But is this really a bad thing?
It is to think hard.
─Chong Pil Morgan is massacring!
─Morgan Porkley is going crazy!
─You can’t stop Redman Sachs!
．
．
．
Just 10:30.
It is a time when humans can gamble without feeling the most guilt.
“Crazy!”
“Are you fucked up?”
“What index goes down so fast…”
“I thought I saw the wrong moment.”
The index, which went up to +0.7%, all the way down to -0.3%.
That’s a 1% drop in 1 second.
———————————————+
『Economic Calendar』
22:30 US New Jobless Claims 215K 206K 214K
22:30 U.S. Consecutive jobless claims 1653K 1660K 1660K
+———————————————
Because the indicators are not good.
The number of unemployed was higher than expected.
It is usually interpreted as bad news.
─Buy orders have been placed!
It can be different depending on your point of view.
Because the Fed is trying to raise interest rates right now.
‘If there are a lot of unemployed, I won’t be able to raise interest rates.’
Bad news for the economy.
However, considering the Fed’s reaction, it can be interpreted as a good news.
“Is it so?”
“Okay.”
“Oh, it’s true!”
“Suddenly it’s going up like crazy!”
So-called good talents and? Are possible.
Understand the market situation and strike a rational hatta.
———————————————+
『Lee Chan-wook’s account』
Purchase amount│1,000,207,891 won
Valuation gains│＋188,290,620 won
Appraisal rate of return│+18.79%
+———————————————
Exponents that collapsed.
In no time, it surpasses the positive trend and reaches +0.5%, the maximum of the technical rebound.
That alone is enough.
Buying a call option is a high-risk model of high-return.
“And!”
“200 million were copied.’
“It’s crazy really…”
“Did you just eat that?”
“Uh.”
Impossible at the head of state.
If the ant scratches 1 billion as an option, the forces react unconditionally.
‘I’ll kill them even if I’m forced to.’
By artificially pushing the index.
Nasdaq, the battleground of whales, doesn’t care about ants.
The advantage is that it can easily enter about 1 billion.
At the same time as the revenue of about 200 million was confirmed and came out.
─Chong Pil Morgan is massacring!
─Morgan Porkley is going crazy!
─You can’t stop Redman Sachs!
．
．
．
Index goes down again.
The Nasdaq is on a catastrophic decline as if it had never happened.
“You’re going down!”
“You said you could interpret it as a good news?”
“Come to think of it, that wasn’t the case.”
“”Yes?””
It was an upward rally due to good news and ?.
And now.
‘No? Came out.’
When I think about it again, the bad news is right.
There are also data proving it.
———————————————+
『Economic Calendar』
22:30 4-week average number of claims for unemployment benefits 209.50K 207.00K
+———————————————
An indicator of the number of claims for unemployment benefits comes out once a week.
Reliability is low because the frequency is frequent.
“On a four-week average, there is still no significant change in employment indicators.”
“Fuck.”
“No, I bought and sold it like that!”
“I don’t think you can trust your senior’s words the most.”
This is because the market atmosphere is still full of fear.
I don’t think Powell’s mind will change that much.
‘That’s why psychology.’
Do you think it’s too low?
If there is a basis, copy it once.
Eat and spit until the position of the technical rebound.
This is the trading style my fund aims for.
Aim for short-term profits by using psychological changes.
“I just bought it!”
“I’m bitten.”
“Should I sell it now?”
“Senior bastard Powell bastard.”
It’s not used to it.
Music is heard from all over the club room.
‘Eh, you shouldn’t gamble on stocks.’
Brain trade.
If you buy stocks without any basis, you can be like that.
Fortunately, it will be 12 o’clock soon.
Because it’s time for the next indicator to be released.
─Buy orders have been placed!
The index deserves a gradual rise.
It collects the stock little by little near the previous low.
“It’s called an anticipation rally after seeing this.”
“Expectations?”
“Because of that?”
“The Nasdaq is no different from the P.S.”
This is because of the recent high volatility in the stock market.
Even with a small number of cases, the index changes jaggedly.
‘A time like this is really good for single hits.’
You shouldn’t be sold on it at a glance and forget the most important thing.
Cause of the current market decline.
It’s close to 2:00 in the morning.
It was too late, so many people went home.
“But.”
“Huh?”
“Will Powell say anything nice?”
“It’s only been a few days, but I wonder if there will be a change…”
However, some enthusiasts remain.
No, gamblers who want to break even.
‘It’s a great attitude.’
It’s a law to be desperate to lose something.
Just like the one-armed Shanks is obsessed with Luffy.
“So it needs interpretation.”
“Translate?”
“An English interpretation?”
“Not that basic.”
“”?””
You have to dig very hard.
It is a task to analyze Powell’s remarks down to the smallest.
