Powell removed the word “ transitory “ as soon ad he was reappointed by Biden, what a coincidence. He has no reason to kick the can down the road any longer.
A large portion of the American voter base doesn't own much or any stocks and will feel high inflation way more than a stock market crash (directly, indirectly might be a different matter). While the Fed would certainly not prefer a stock market crash, your statement is nether factual nor does it take this fact into account. I would certainly prefer status quo myself but inflation is one thing that matters a lot in terms of ending the juicy policy of the last decade. Of course I'm going to continue betting long like the idiot I am, because I realize actual regime shifts are way more rare than they are predicted. Will be showing some restraint however.
I hope I am wrong too, but it doesn't make sense to start betting short until the 200 MA at least goes flat!
Exactly. The 50 MA has barely been touched and OP is calling this a downtrend trend. Somebody doesn't know what a trend is. Over the past year the 50 and 100 have been touched a dozen times before resuming back up and yet THIS time, based on absolutely zero analysis OP has now created 2 different threads calling the market top. What a joke. At the very least provide analysis on how you have come to your conclusion. Only noobs make threads like these based on nothing but a coin flip speech saying "Its going down this is it!!!"
That is what happens when the Fed is not truly independent from the politicians and are subject to two contrary mandates fully employment and price stability
I dunno'. In thinking about it, I think Powell may finally get some balls and stick to his guns this year.
His guns have no bullets in them, unlike alec baldwin. He is still doing QE( quantitative easing) by buying bonds.