Here is where everyone realizes the truth of my post. If the Fed is scared enough to cut 50 bps we are likely fvcked. Yikes! In that case I would had to ask @PoopyDeek to let me move into his pool shed if I did odd jobs and chores around the mansion. I could eat the scrapings from his grill. I swab a mean deck you know.
Yeah, pretty funny. I thought they were deliberately holding fire out of basic common sense - financial conditions aren't within a thousand miles of an actual crisis point, and there's no point whatsoever to cutting rates multiple weeks or even months before covid hits its peak. Better to wait until the virus situation stabilizes before taking action, rather than panic now and see the production shutdowns, market selloff etc. anyway. I guess Trump got his way? Caveman Powell caves again!
Trump called him and told him that if he didn't cut he'd be turning him over to Hillary's suicide squad.
Long term PA analysis from last week, but looks like will have to keep it in the arsenal. Now will have to play short time, the cut is gonna make it interesting.