$LOW

would be interested to see how tech will hold up...most are still above their march low

Even though EURUSD is extremely bearish , it does bounces up some times . Also , anyone that thinks that EURUSD at 0.98 price for a buy is a bad deal , should be shot , I have 3,000 point stop loss , expect to see it going to 1,000 points like our EURAUD trade from last week . I actually lost that trade , I decided to not take profits I wanted to play the week , but now that we have ATR , a good backing to my trading demands , I was not suppose to be in that trade , which is why I lost it . From ATR , the market is recently waking up in activity , and EURUSD is at an incredibly low price , this one should perform the way that I wanted EURAUD to perform like . We have to get in on a trade that can give profits within a few days or stand for at least two weeks to a month . I will be doing two of these long calls per week if the entry happens . I may leave the market with 1,500 points if it happens , I would like to catch a few positive weeks , could go up to 1.01 . . . Also keep in mind that the entry is below the previous monthly average , this is where most traders get caught , in not understanding the oversold and the overbought , and when is it applicable according to market conditions .

Even though EURUSD is extremely bearish , it does bounces up some times . Also , anyone that thinks that EURUSD at 0.98 price for a buy is a bad deal , should be shot , I have 3,000 point stop loss , expect to see it going to 1,000 points like our EURAUD trade from last week . I actually lost that trade , I decided to not take profits I wanted to play the week , but now that we have ATR , a good backing to my trading demands , I was not suppose to be in that trade , which is why I lost it . From ATR , the market is recently waking up in activity , and EURUSD is at an incredibly low price , this one should perform the way that I wanted EURAUD to perform like . We have to get in on a trade that can give profits within a few days or stand for at least two weeks to a month . I will be doing two of these long calls per week if the entry happens . I may leave the market with 1,500 points if it happens , I would like to catch a few positive weeks , could go up to 1.01 . . . Also keep in mind that the entry is below the previous monthly average , this is where most traders get caught , in not understanding the oversold and the overbought , and when is it applicable according to market conditions .

some low prce specks getting some bids PLTR try out of its box

https://cointelegraph.com/news/bitcoin-profitability-for-long-term-holders-decline-to-4-year-low-data

sell low and buy high. classic.

so it breaks the previous low which is the key level and then you wait for the 1st green candle and enter on the break of the high of that candle with a stop at either LOD or ...?

that's lower low would have stopped u out

or do you wait for the higher low to set in and then enter on the break of that 5 min green candle?

float was 2.8M, up on lousy news, tons of chasers pre on Ross pump, shorted against pm high/ 2.80s fail, htb, history of fails etc > @Chano said: that one has a very low float I think, what was the thesis for your short Math?

that one has a very low float I think, what was the thesis for your short Math?

low 3s round tripper imo

By Susan Mathew and Ankika Biswas (Reuters) -U.S. stock index futures fell on Thursday on worries of a global economic downturn from aggressive interest-rate hikes by central banks and risks of a potential contagion from a turmoil in UK markets. The Dow and S&P 500 e-minis fell for the seventh time in eight sessions, while megacap growth names such as Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Meta Platforms Inc and Tesla (NASDAQ:TSLA) Inc lost between 0.9% and 2.1% in premarket trading. The calm brought about by the Bank of England's decision on Wednesday to buy long-dated government securities to stabilize the turmoil in the markets caused by the government's new economic plan was short-lived. Sterling fell and bond prices slid, with the selloff in British assets spilling over to even safe-haven U.S. Treasuries and top-rated German bonds. Even though U.S. stocks ended sharply higher in previous session due to easing Treasury yields, they have been battered for a large part of the year as surging yields dented the appeal for stocks. "The world is transitioning from a low interest rate environment to a high interest rate environment," said Andrea Cicione, head of strategy at TS Lombard. "The market is repricing macro risks and the catalyst obviously this year has been the Fed and other central banks starting to hike rates... The question about debt sustainability and funding countries with current account deficits has become extremely real." The yields on many Treasuries, which are considered virtually risk-free if held to maturity, now dwarf the S&P 500's dividend yield, which recently stood at about 1.8%, according to Refinitiv Datastream. At 7:01 a.m. ET, Dow e-minis were down 198 points, or 0.67%, S&P 500 e-minis were down 31.5 points, or 0.84%, and Nasdaq 100 e-minis were down 133.75 points, or 1.16%. American Airlines (NASDAQ:AAL) fell about 1% as carriers canceled almost 2,000 U.S. flights for Thursday after Hurricane Ian hit Florida's Gulf Coast with catastrophic force in one of most powerful U.S. storms in recent years. Share of peers United Airlines Holdings (NASDAQ:UAL), Southwest Airlines (NYSE:LUV) and Delta Air Lines (NYSE:DAL) fell between 0.1% and 1.1%. U.S. cruise companies Norwegian Cruise Line (NYSE:NCLH) Holdings Ltd and Carnival (NYSE:CCL) Corp fell 1.6% and 1.9% after they delayed or canceled trips in anticipation of the hurricane. Investors will be watching for weekly jobless claims, which is expected to rise by 2,000 to 215,000 last week. Final economic growth figures for the second quarter are also due. A second estimate of the government last month had shown the economy contracted at 0.6%, a more moderate pace than initially thought. Comments from the Federal Reserve's Cleveland President Loretta Mester on inflation will also be on the investor watch-list.

**conorsen:** New low for Trump on PredictIt: https://t.co/UAQgXJxOVZ https://twitter.com/conorsen/status/1575243832026927122

wunderschöne rotationen um 3639 (Juni Low)

By Rae Wee SINGAPORE (Reuters) - Nervous financial markets propelled the safe-haven dollar to a fresh two-decade peak on Wednesday as rising global interest rates fed recession worries, while sterling languished near all-time lows on fears over Britain's radical tax cut plans. The U.S. dollar index against a basket of major currencies rose about 0.5% to hit a new high of 114.70 in Asia trade. The relentless upward march of the dollar came as benchmark U.S. 10-year Treasury yields rose to 4% for the first time since 2010, topping at 4.004%. The two-year yields stood at 4.2891%. [US/] "It's a combination of the spillover from the UK... where the gilt yields have gone ballistic. And that has spilled over into other DM bond markets, so there's a bit of a ricochet effect," said Moh Siong Sim, a currency strategist at Bank of Singapore. "And of course ... this is against the backdrop of a very determined message by the Fed to do whatever it takes to bring inflation down." The Federal Reserve has led the global fight against surging inflation, turning even more aggressive recently by signalling further big rate increases on top of super-sized moves in the past few months. That message was reinforced overnight by Chicago Fed President Charles Evans, St. Louis Fed President James Bullard and Minneapolis Federal Reserve Bank President Neel Kashkari, with Evans saying that the central bank will need to raise interest rates to a range between 4.50% and 4.75%. The rising borrowing costs have intensified fears of a global recession, adding to the surge in bond yields worldwide. Sterling was under fire again, slumping 0.95% to $1.06345, reversing a marginal 0.4% gain in the previous session. It is still nursing deep losses after collapsing to an all-time low of $1.0327 at the start of the week, having held near the $1.1300 level before last week's UK budget. Bank of England Chief Economist Huw Pill said overnight that the central bank is likely to deliver a "significant policy response" in response to finance minister Kwasi Kwarteng's huge tax cut plans. But he added that the central bank wants to wait until its next scheduled meeting in November before making its move, quashing market speculations of a potential inter-meeting interest rate hike. "For the near-term I think sterling's going to remain pretty weak from here," said Carol Kong, senior associate for international economics and currency strategy at the Commonwealth Bank of Australia (OTC:CMWAY). "It's basically a crisis of confidence. It'll be up to the UK government to resolve this ... rather than Bank of England." The stronger dollar pushed other currencies to multi-year lows on Wednesday, with the Aussie falling 0.8% to hit a trough at $0.6381, its lowest since May 2020. The kiwi lost about 1% to $0.55645, similarly its lowest since March 2020. The Chinese offshore yuan fell as far as 7.2350 per dollar, the lowest level since such data became available in 2011. A source had told Reuters late on Tuesday that Chinese monetary authorities are asking local banks to revive a yuan fixing tool it abandoned two years ago as they seek to steer and defend the rapidly weakening currency. The euro lost 0.45% to $0.9550, not far off from its recent 20-year trough of $0.9528, with the latest flare-up in the euro zone's gas crisis adding to the gloomy outlook for the single currency. Europe was on Tuesday investigating what Germany, Denmark and Sweden said were attacks which had caused major leaks into the Baltic Sea from two Russian gas pipelines at the centre of an energy standoff. Elsewhere, the yen last bought 144.69 per dollar, still near its lowest levels in years even after Japan's intervention to prop up the fragile currency last week. "What would really change the value of the yen will be if the BOJ gives up or resets their yield curve control policy," said Pablo Calderini, chief investment officer at hedge fund Graham Capital. "As long as you keep a rate differential of 4%, it will be really hard to see a significant appreciation of the yen."

The 10-year Treasury yield, a vital benchmark that influences a vast array of consumer borrowing costs, is on its way to hitting 4% for the first time in at least 12 years -- a development that's starting to ripple across financial markets. The rate soared to as high as 3.988% on Tuesday -- more than twice as high as where it started the year -- as financial market participants come on board with the higher-for-longer view on interest rates, driven by central banks' imperative need to bring down inflation. The 10-year rate hasn't been 4% or higher on an intraday basis since April 5, 2010. The last time it finished the New York session at or above that level was in Oct. 15, 2008, according to Tradeweb data.Typically, a rising 10-year yield is seen as a sentiment signal about brighter U.S. economic prospects. This time around, however, "it's a wake-up call that inflation won't be self-curing the way it has been in the last 30 years," said Chris Low, chief economist at FHN Financial in New York. The rate is up five of the past six trading days and is on pace for its largest gain over the first three quarters of a calendar year since 1981. On Monday, it reached a 12-year high of 3.878% before knocking on the door of 4% on Tuesday -- rising closer to levels already reflected elsewhere in the Treasury market.

fresh 52 week low

DID WE JUST MAKE A NEW LOW ON spy ?

New low of year for SPX. May bounce off 3626

There is the June low retest on $SPY

By Xie Yu HONG KONG (Reuters) - Asian markets attempted to stabilise on Tuesday after a wild few days during which most assets, barring the dollar, fell, with the greenback easing a bit and stocks flat. Sterling, which collapsed to a record low $1.0327 on Monday, recovered to $1.0772. S&P 500 futures rose 0.7% and Europe futures rose 0.6%. MSCI's broadest index of Asia shares outside Japan fell 0.3%, the smallest fall in five straight sessions of losses, even if it hit another two-year low. Japan's Nikkei was up by 0.5%. Analysts were doubtful about the outlook, however, as markets - already jittery at the prospect of U.S. interest rates staying higher for longer - have been unnerved by the upheaval in British assets in response to government spending plans. Britain plans tax cuts on top of huge energy subsidies, and a lack of confidence in the strategy and its funding hammered gilts and the pound on Friday and again on Monday. The yield on five-year gilts is up a stunning 100 basis points in two trading days. "(It) is definitely something that's unfolding...probably we're only at a certain initial stage of seeing how the market digests that kind of information," said Yuting Shao, macro strategist at State Street (NYSE:STT) Global Markets. "Of course the tax cut plan itself was really aimed to stimulate growth, reduce household burdens, but it does raise the question of what the implications are in terms of the monetary policies." After the pound's plunge, the Bank of England said it would not hesitate to change interest rates and was monitoring markets "very closely". Bank of England Chief Economist Huw Pill will speak on a panel at 1100 GMT and will likely be pressed for more details. BEAR TERRITORY Spillover from Britain kept other assets on edge. Bond selling in Japan pushed yields up to the Bank of Japan's ceiling and prompted more unscheduled buying from the central bank in response. [JP/] Wall Street fell deeper into a bear market on Monday, benchmark 10-year Treasury yields rose more than 20 bps to a 12-year high of 3.933% and the dollar was bid. "There could easily be another leg down as classic signs of market capitulation, such as the VIX Index reaching the key 40 level, have not occurred — although we are getting closer," said Invesco's chief strategist Kristina Hooper. The VIX, known as Wall Street's "fear gauge", hit a three-month high of 32.88 on Monday. Investors are watching out for a slew of speeches by central bank officials this week, with the Fed's Charles Evans speaking at 0730 GMT on Tuesday. Expectations are for a small lift to 104.5 from 103.2 in the U.S. Conference Board consumer confidence later in the day. The dollar index on Tuesday eased 0.2% to 113.71, after earlier touching 114.58, its strongest since May 2002. The European single currency was up 0.3% on the day at $0.9636 after hitting a 20-year low a day ago. Oil and gold nursed losses. Gold, which hit a 2-1/2 year low on Monday, rose 0.6% to $1,631 an ounce. Oil lifted slightly from its lowest levels since January. [O/R] U.S. crude ticked up 0.8% to $77.35 a barrel. Brent crude rose to $84.8 per barrel. Bitcoin broke above $20,000 on Tuesday for the first time in about a week, as cryptocurrencies bounced, along with other risk-sensitive assets.

ummm, new low seems inevitable, $NYMO will be up there on the close , could see a buyable bottom this week, maybe tomorrow methinks

Markets range has reversal and downside both as opportunities so everything's open now but low momentum from the open makes it solid to always ne cautious

never seen the brit lb so low

**PivotBoss Pre-Market Video [September 26, 2022]: Continued Weakness** SEPTEMBER 26, 2022 — MONDAY AM The ES and NQ have developed narrow pre-market ranges ahead of the RTH open, and while a bounce may occur, bears will be looking to sell into strength, as continued weakness is likely ahead. Any bounce could lead to another round of selling pressure, as the ES and NQ approach the low of the year. Crude Oil continues to work toward 75, and BTC and ETH have developed narrow 6-day ranges that could finally lead to a major downside break ahead.

By Tom Westbrook and Alun John SYDNEY/LONDON (Reuters) - Sterling slumped to a record low on Monday, and a renewed selloff in British gilts pushed euro zone yields higher as the fall out from last week's fiscal statement in Britain roiled markets for a second session. Share markets around the world also slid as concerns about high interest rates continued to put pressure on the financial system, though in a rare recent example of a news event having a smaller market impact than feared, reaction to Italy's election result was muted. The pound plunged nearly 5% at one point in Asia trade to break below 1985 lows and hit $1.0327. Moves were exacerbated by thin liquidity in the Asia session, and the currency had last clambered back up to $1.0738. The plunge extended Friday's sell off after markets took fright at British finance minister Kwasi Kwarteng announcing the scrapping of the top rate of income tax and cancelling a planned rise in corporate taxes - on top of a hugely expensive plan to subsidise energy bills. Sterling's declines are partly due to dollar strength - the dollar index, which tracks the greenback against six peers - hit a new 20-year top of 114.58 in early trade. Nontheless, the euro, which fell to its own 20-year low on the dollar on Monday briefly hit 92.29 early in the day, its highest since late 2020. The tumble is leading to speculation the Bank of England will have to hold an emergency meeting to raise rates. “The Bank of England is in a very difficult spot where if they don't react they risk another sterling collapse and things getting very messy," said Mike Riddell, senior portfolio manager, Allianz (ETR:ALVG) Global Investors. "If they do react, a developed market hiking rates to defend the currency looks like an emerging market. So they’re damned if they do, damned if they don’t,” The carnage was not confined to currencies. Five-year gilt yields jumped 50 basis points to their highest since October 2008, sending euro zone government bond yields higher. Germany’s 10-year government bond yield hit its highest since December 2011 at 2.132%, (DE10YT=RR) and Italy's benchmark bond yields rose to their highest since 2013. Those moves were largely in line with the overall picture, rather than an outsized response to Sunday's election after which Giorgia Meloni looks set to become Italy's first woman prime minister leading its most right-wing government since World War Two. "There are no big surprises. I expect a relatively small impact considering that the League, the party with the least pro-European stance, seems to have come out weak," said Giuseppe Sersale, fund manager at Anthilia Capital Partners, referring to a separate right-wing party led by Matteo Salvini. "The market knew this was how it was going to end." STRESS BUILDING The pound's plunge is only the latest unnerving move as investors' skittishness strains global financial markets. Two-year Treasury yields broke above 4.3% to a new 15-year high, while U.S. S&P 500 futures fell 0.6%, suggesting the index could fall below its June bottom to its lowest since late 2020. Europe's STOXX 600 index slipped for the third straight session, falling to a new low since December 2020, dragged down particularly by recession vulnerable sectors such as commodity stocks and mining Asian stocks also fell, and oil and gold were under pressure due to the surging greenback. Gold touched a 2-1/2 year low of $1,626.4 and Brent crude futures were down about 1% having earlier fallen to their lowest since January at $84.51 a barrel. "There has been an economic logic at play, as central banks raised rates to drive monetary policy into restrictive territory, get below trend growth for a while, - a polite way of saying a recession - and then you get lower inflation," said Samy Chaar, chief economist at Lombard Odier. "The question is whether the financial world can go through that sequence. It feels like we are reaching the limit of that, things are starting to break, for example what we see with sterling."

nymo WISE -140 IS ABOUT AS LOW AS IT GOES in 21st century including 2020 .... EOD number

Always hear neighbors talk about. DAMN he sold for such a low price. My house will go down now

fresh low there

I covered some low 38s > @KP350 said: @math cover $SAVA?

Put that low number out there and go lower

By Julia Payne LONDON (Reuters) -Oil prices dumped on Friday to trade at levels not seen since January as the dollar index hit its strongest level in two decades and on demand fears as rising interest rates risked tipping major economics into recession. Brent crude futures fell $3.74, or 4.13%, to $86.72 a barrel by 1313 GMT. U.S. West Texas Intermediate (WTI) crude futures were also down by $3.98, or 4.77%, to $79.51 a barrel. Front-month Brent and WTI contracts were down 5.28% and 6.80% respectively over the past week. Global equities hit a two-year low on Friday while the dollar index reached its highest level in two decades, putting downward pressure on oil. "Weak European PMIs, growth concerns as result of aggressive monetary policy tightening in the US and Europe are weighing on risk assets. Oil prices are not immune to those growth concerns," Giovanni Staunovo, analyst at UBS, said. A downturn in business activity across the euro zone deepened in September, a survey showed, suggesting that a recession is looming as consumers rein in spending to contend with a cost of living crisis. "European equity gauges are ending the week on a negative note amid fears that rate hikes will push major economies into recession," PVM Oil Associates said in a note. Russia launched referendums on Friday aimed at annexing four occupied regions of Ukraine, which Kyiv called an illegal sham that it said included threats to residents if they do not vote. After the U.S. Federal Reserve raised interest rates by a hefty 75 basis points on Wednesday, central banks around the world followed suit with hikes of their own, raising the risk of economic slowdowns. In Britain, meanwhile, the pound fell to a 37-year low and government bonds crashed after the new finance minister announced historic tax cuts and huge increases to borrowing. On the oil supply side, efforts to revive the 2015 Iran nuclear deal have stalled as Tehran insists on the closure of the U.N. nuclear watchdog's investigations, a senior U.S. State Department official said, easing expectations of a resurgence of Iranian crude oil exports.

https://www.coindesk.com/business/2022/09/23/el-marketplace-de-nfts-travelx-despega-con-tickets-de-la-low-cost-argentina-flybondi/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Only seeing 2 high rated plays at the moment, alot of mid rated structures and low rated structures, depending on where we are after PMI

By Rae Wee SINGAPORE (Reuters) - The yen was heading on Friday to its first weekly gain in more than a month after Japanese authorities intervened in markets to support the yen for the first time since 1998, while a towering dollar kept other currencies pinned near multi-year lows. The yen was up about 0.1% at 142.22 per dollar in Asia, after a more than 1% rally in the previous session on news that Japan had bought yen to defend the battered currency, although trading was thin on Friday with the country's markets closed for a public holiday. The intervention, conducted late in Asia trading hours on Thursday, came after the Bank of Japan stuck with its ultra-low rate policy, which prompted a drop in the yen past 145 per dollar to a 24-year low. "Given that (the BOJ) runs ... against the grain of rising interest rates, in order to have any chance of success, they're going to have to be in this for the long haul," said Ray Attrill, head of FX strategy at National Australia Bank (OTC:NABZY). "My sense is that the law of diminishing returns will set in, as far as intervention is concerned." Sterling lost 0.27% to $1.12285, uncomfortably close to a 37-year low of $1.1213 hit in the previous session and little helped by a 50 basis-point rate hike by the Bank of England overnight. The euro, Aussie and kiwi were likewise languishing near fresh lows on Friday in the face of a surging greenback, which received a boost from a very hawkish Federal Reserve policy announcement and rising Treasury yields that kept the dollar in demand. The benchmark 10-year Treasury yield hit an 11-year high of 3.718% overnight, while the two-year yield remained well above 4%. "Ironically, I do think that the rise in U.S. Treasury yields overnight, particularly the 10-year area, is a direct result of the view that the Bank of Japan is going to have to be selling Treasuries, to supply the dollars in order to intervene," said Attrill. "Outside of dollar/yen, it will make the dollar even more attractive against other currencies." The U.S. dollar index rose 0.16% to 111.40, hovering near a two-decade high of 111.81 hit in the previous session, and is on track for a weekly gain of 1.5%. The euro fell 0.11% to $0.9823, close to a 20-year trough of $0.9807 hit overnight. Flash September purchasing managers' indexes for the euro zone, the UK and the United States, due later on Friday, will provide a better overview regarding the darkening global outlook. The risk-sensitive Aussie dropped 0.38% to $0.66165, while the kiwi fell 0.31% to $0.5828. Both had fallen to their lowest since 2020 in the previous session. Westpac chief economist Bill Evans said in a note on Friday that he has lowered his forecast for the Aussie to $0.65 by the end of this year, from $0.69 previously.

had a 1.99 avg and closed low 2s.....

sentiment is near all time low

I closed BA original and roll over positions earlier but still holding LOW

Low and BA still good to hold? They are acting up. lol.

LOW (INTRADAY CHART/ 1HR) LOW has crossed the psycological level of $187, discretionary triggered has been met, for specific technical level near term not yet actionable, but an early entry can be considered for a 24 hr swing to PT $182 and potentially lower. Expected ROI from expected move 170% - 200%

LOW (DAILY CHART/ Opportunity for a major breakdown) Watch for the break of $187 for a move to $182

TGT still has room, but be aware of the opportunity from LOW

By Marc Jones LONDON (Reuters) - World stocks were close to a two-year low and Japan was forced to unilaterally intervene in FX markets for the first time since 1998 on Thursday, after the Federal Reserve's aggressive U.S. rate hike signals had put markets on the run. In Europe, where all the economic pain and volatility has been amplified this week by Russia's threat to use nuclear weapons, major stocks markets tumbled by more than 1% before finding some support. It had been a rollercoaster from the off. Tokyo swooped in to support the yen not long after Europe opened. While the move seemed to have been coming for weeks - the yen has fallen 20% this year almost half of that in the last six weeks - it still packed a punch. Traders watched the Japanese currency surge to 142.39 from 145.81 to the dollar in the space of a few minutes and make it as far as 140 to the greenback before running out of gas. [/FRX] With the dollar suddenly stalled, the euro lifted nearly 0.5% off a 20-year low. Sterling, which is not far behind the yen having lost over 8% since August, was hoisted from a 1985 trough too as the Bank of England raised its rates by another 50 basis points.[/FRX] "We have taken decisive action (in the exchange market)," Japan's vice finance minister for international affairs Masato Kanda told reporters following the interventions. The move had came just hours after the BOJ had maintained super-low interest rates, fighting the global tide of monetary tightening by the Fed and others trying to rein in inflation. Asian stocks had swooned to a two-year low overnight after the Fed's rate hike and GDP forecast cuts had triggered a brutal finish on Wall Street, although S&P futures pointed to a modest rebound later. [.N] "Fed is delivering exactly what it said it would (with rate hikes) but the markets have pushed out the path of interest rates quite a lot," Close Brothers Asset Management Chief Investment Officer Robert Alster said. "All of a sudden we are entering a scenario where everything gets a lot more drawn out... It is a bit disconcerting in some respects but at least they have laid out the road map and we know the economy is second to monetary policy. Wall Street was expected to tick up when it reopens but the benchmark S&P 500 is now less than 4% away from its mid-June low, its weakest point of the year. [.N] In the rates market, short-term yields remain on the rise and the peak for the benchmark Fed funds rate a moving target. The median of Fed officials' own outlook has U.S. rates at 4.4% by year's end -- 100 bps higher than their June projection -- and even higher, at 4.6%, by the end of 2023. Futures have scrambled to catch up. The yield on two-year Treasuries hit a 15-year high of 4.13% in Asia before dipping back to 4.10% in Europe. Ten-year yields are below that, at 3.54% as traders price in the hikes' damage to longer-run growth. In Europe, Germany's rate sensitive 2-year bond yield rose as far as to 1.897% - its highest since May 2011. "No one knows whether this process will lead to a recession or if so how significant that recession would be," Fed Chair Jerome Powell told reporters after the rate hike announcement. "The chances of a soft landing are likely to diminish to the extent that policy needs to be more restrictive, or restrictive for longer." " onerror="this.style.display='none'" class="msg-img" /> FOLLOW THE FED The Swiss National Bank also pulled up its rates by a chunky 0.75 percentage point - only the second increase in 15 years which also ended its 7-1/2 year spell in negative interest rates. Previously Swiss rates had been frozen at minus 0.75% as the SNB tried to tame the appreciation of the Swiss franc but Thursday's message was the reverse, that more hikes as well a FX intervention might be needed in the current environment. "To provide appropriate monetary conditions, the SNB is also willing to be active in the foreign exchange market as necessary," it added, sending the franc up over 1%. The global outlook is helping drive the dollar higher as U.S. yields look attractive and investors think other economies look too fragile to sustain rates as high as those contemplated in the U.S. Japan and China are the outliers and their currencies are sliding particularly hard -- the yen had fallen to the weaker side of 145 per dollar on Thursday before Tokyo's intervention after the Bank of Japan had stuck with its ultra-easy monetary policy. Yields in Japan's government bond market also retreated as speculators closed some bets on imminent policy changes. [JP/] Back in Europe, Norway and Britain raised their rates by 50 bps with traders seeing plenty more coming too. Not that that is much salve for the region's currencies. The pound's modest rise on the day came after it had hit a 37-year low of $1.1213 overnight on the growing worries about the state of Britain's finances. Sweden's crown had also hit a record low despite the country's steepest rate hike in a generation earlier this week. The dollar's rise has also sent emerging market currencies tumbling and punished cryptocurrencies and commodities. Lira traders were left wincing again as Turkey, where inflation is now running at around 85%, defied economic orthodoxy and slashed another 100 basis points off its interest rates. Spot gold was down 0.3% near a two-year low at $1,668 an ounce. Bitcoin was just above $19,000 and Brent crude steadied at $90.33 a barrel after sliding on demand worries. "The more hawkish the Fed gets, the more market volatility is likely to be elevated, and the risk of a recession ticks higher," said Gautam Khanna, Head of U.S. Multi Sector Fixed Income at Insight Investment.

**conorsen:** WSJ on the low mortgage rate golden handcuffs: https://t.co/5TG2JcpmJf https://twitter.com/conorsen/status/1572902058453344261