Uh don't think so: The NY session has been not only mirroring the futures actions closely but actually exacerbating it quite nicely as what we have seen on the Friday past, partially thanks to Powell choosing not to assure the market one bit. He chooses to wait and see the full effect of the tariffs. Well the market decided to show him the effects of the tariffs. And the market is not done showing Powell the effects on Friday, it will continue tomorrow and tomorrow and the day after tomorrow until Powell sees the full effect.
Looking at the premarket action, enough volatility to go green by the close. Markets being down at the moment favours a down close but I wouldn't rule out a green close. The DAX seems to have capitulated to -10% , looked like margin forced selling, currently down less than 5%.
Does anyone seriously believe dropping rates (even a full point initially) is going to negate this tariff tantrum bullchit? Nevermind TheDumb - "need not apply".
Actual numbers will be end of trading day......looks like the trend is still Bearish... Long Gold, Akuma
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