lol dude is long from 4400. Did we miss something? Was this a trade reco? If mkt had dropped you would've have shown up in your time machine to tell us that you had conveniently shorted 5 mins before the rate decision. You are such a fraud.
Yes, he said the right things and it took off. Look at Q_Nine's thread Ken's Market Krash, I LITERALLY called the rally minutes before it happened LOL....
Yea, the Dawn nailed that! How he magically knew Powell would tone down his words this time around, unlike the previous 20 times, I have no idea LOL.
Today was highly predictably was an exact repeat of what occurred in Canada last week except our central bank specifically said no more hikes moving forward. Many traders simply don't pay attention or see everything through a bearish lens. Calhoun for example at noon said he liked VXX and SOXS. VXX dropped at least 4% rest of day and SOXS dropped a whopping 16% today.
I think that was the consensus. The market didn't move much until a little after 3:00 PM when he said there are actually some signs of deflationary pressure. That was a surprise that people didn't expect so the market spiked up. The Fed is getting really predictable now. I think they have a whole database of pre-written announcement statements there and depending on the economic statistics, they just pick one that they think fits the situation the most and read it out aloud. LOL The crux of the question is: how are we going to trade it? SPX spiked up and took out the 4100 level yesterday after Powell made the surprise announcement about deflationary pressure in some sectors and today the rally is continuing but as of right now, it's meeting some resistance at 4180. It's been trying all morning so far and still hasn't broken it through. Is it going to break through it today? Only time will tell. The real level to break through imo is 4200. Once the SPX closes above that level and stays above it then we can say with a bit of confidence that we are officially in the bull territory.