Although it is certainly a possibility, with CME Fedwatch tool showing an almost 100% of no change wouldn't a cut cause all kinds of havoc - at least for the few remaining hours of RTH on Weds? Don't think Powell would do that. He and others I think will start signaling ahead of next meeting instead.
its so crazy to think about a rate cut with real inflation booming . Health ins premiums going up 20% in 2026 . House and stock prices at all time highs . Food prices still rising . But I agree it would not suprise me to see Powell fold to Trumps constant baggering and lower .25
There we go! 6450 prints! Expecting a small pullback from somewhere here before a rip to 6666 although suicide to play short. Probably get burnt! Wait for a dip and buy the crap out of it!
Euro Futs also gapped up but retracing a little more, percentage-wise (+50%), than indexes ... so far. Leading the way back down?
I'm looking at about a 50% gap filled (6435-ish ES and 23480-ish NQ) before Japan opens IF THEN go long. And maybe buy NG as well
haha I'm taking a long right here but only on the spreadbet account as feel like it's at least a possibility we wipe out a few bulls and keep dipping a bit. These gap up days where it gives it all back CAN be a bit nasty. But who knows. Worth the shot on the spreadbet account