/biz/ - Business & Finance

Reposting, as it's very, very important:
I posted this on Friday afternoon
>pic related
and had a bunch of people freak out, saying it was bullshit, that Mannarino was a schizo / lying, asking for source
Unfortunately I had to go before I could post 'proof'
Here you go!
https://www.forexlive.com/news/!/the-fed-will-inevitably-move-to-yield-curve-control-ycc-bofa-20210305
https://www.reuters.com/article/us-markets-flows-bofa/a-new-era-of-volatility-begins-but-tech-inflows-continue-bofa-idUSKBN2AX0U3?il=0
This is a big fucking deal! Bank of America announced they believe the Fed will enact YCC at the next meeting on the 17th at around 2:00pm EST
This is why we saw the HUGE turn-around pump on Friday - institutions bought up the market IN MASS (just to trigger that pedantic faggot)
If you are bearish, think that this is the end, that this was a bull trap.. Stop. You are missing the big picture, you are missing the reason behind the pump
YCC is going to rip your bearish face off
If you haven't watched Mannarino talking about it yet, pls inform yourselves
https://youtu.be/kHkVHb23H20
>inb4 Mannarino is a schizo
Mannarino is a market genius, and a super, super high ranking free mason, *extremely* well connected. Do not mock "our guy"

>>30338886
No.
>>30336675
This was a "holy fuck the Fed is actually going to enact YCC soon, buy everything!!" bounce

I posted this earlier today
>pic related
and had a bunch of people freak out, saying it was bullshit, that Mannarino was a schizo / lying, asking for source
Unfortunately I had to go before I could post 'proof'
Here you go!
https://www.forexlive.com/news/!/the-fed-will-inevitably-move-to-yield-curve-control-ycc-bofa-20210305
This is a big fucking deal! Bank of America announced they believe the Fed will enact YCC at the next meeting on the 17th at around 2:00pm EST
This is why we saw the HUGE turn-around pump today - institutions bought up the market IN MASS (just to trigger that pedantic faggot)
If you are bearish, think that this is the end, that this was a bull trap.. Stop. You are missing the big picture, you are missing the reason behind the pump today.
YCC is going to rip your face off