Investing.com -- Federal Reserve Chairman Jerome Powell said Wednesday that the pace of rate hikes is likely to slow, but the peak level of rates will be higher than previously expected as there is a long way to go to curb above-trend inflation.
The street, like hearing about a pandemic, responded without Common Sense and with extrema bias. A GREAT way to catch the next great crash.
it just announced the timeline. it is short. how short? Maybe, just maybe based on seasonality we hold off the deluge till New Year.
Q's had to lead and has to immediately SPIKE much higher than any other indices It has to lead the rest of year. Imagine Powell WARNING that INFLATION will be longer and higher than previously expected but the street knows that's a lie because he will ONLY raise rates by 50 basis points.
Selective facts, selective bias, selective rally till the investor wakes up from a bad hangover. You know this does remind me of the early part of 2022 and the early announcement of a world pandemic. ONLY question is when does the drop start and if it will accelerate quickly into a crash or not.
The badly beaten up Q's has a great run in front of it IF the market stays the course. I mean double or triple the other indices on the upside.
AI
