Is the New York Fed’s Trading Floor Near the Futures Exchange in Chicago Behind the Erratic Gyrations in the Stock Market?

By Pam Martens: April 7, 2022 ~ The Editor of Wall Street On Parade has been watching stock market trading patterns for more than three decades – 21 of those years at two Wall Street firms. A new pattern is emerging that strongly suggests there is an invisible hand flipping the market on a dime from a plunge in prices to a dramatic spike in prices. This could happen legitimately if sudden positive news broke, but it is happening regularly with no major news to explain the dramatic shift in sentiment. The charts below capture just four examples of what is becoming an increasingly familiar pattern in the Dow Jones Industrial Average: On January 31 Wall Street On Parade reported that the New York Fed, which is the only one of the 12 regional Fed banks to have a trading floor – complete with those expensive Bloomberg data terminals and speed … Continue reading Is the New York Fed’s Trading Floor Near the Futures Exchange in Chicago Behind the Erratic Gyrations in the Stock Market?