You cannot trust Powell words, because he has been proven so many times wrong. I would care much more on the facts. What he is thinking and assuming is often wrong. Policy is still restrictive that is for sure. And rates must come down if labor market does not heat up again and inflation is not coming up a lot. There is no other way. The speculation what Trump will do and better what the effects will be, is just pure speculation from now. And FED has never been a clever speculator on markets. That is why this sell off has more to do with year end window dressing for some funds. Tomorrow on Friday there is big expiry. So many closed the doors until second of week on January already. That is it I would say. Nothing to overestimate here.
You do realize he has a prior record? So you know what Powell is speculating about huh? What is that?
Those two statements are contradictory. If the market is still overvalued, the I haven't missed anything. Just set up a few limit orders and wait to see if they get filled.
an overvalued security can still increase in value but the time to accumulate was in '22. maybe europe is a bargain now
If it doesn't ever decrease in value, was it really overvalued? I'd still like prices to come down more but at least XOM is starting to look good again.