Well, Soy was correct. Just like last month, we had the pop on the Powell speak. Last month it was a 1000 point Dow jump after the announcement into the close, with a 1,000 point drop the following day. This month it was a smaller jump on Wednesday, but just like last month, a horrible drop the following day.
I don't think they will cut rates for a while but they will instead continue to print, perhaps not at levels previously seen but this only makes sense that they do.
FALSE! The Fed is done playing those games. Remember...Since they can no longer profit on the market going up, they do not care if it goes down through their actions.
On this I disagree. Powell finally found his balls, and will not lose them again until Trump is back in office in 2024. 75 BPS in July is incoming!
Nope, just look at the chart, if you went long at the announcement time you would have got stopped out. S&P initially dipped 70 points, Dow dipped 400 points. If you didn't use a stop then it was a bad risk to reward trade as the market ended flat by the close (back to near where it was before the announcement).