E-Wave for the S&P 500 Index

[gdl]

Something is wrong when the Street reinterpreted Powell's speech today as POSITIVE. It seems they did hear him say rates will be stopped soon and even a reversal possible. Must have been under his breath. They all agree DISINFLATION is alive and well. So the dire mess we would be in because of bad bets by banks going forward will be relieved by a lower rate by the FED? They have on their books a Trillion dollars of property bets that have to be turned over before end of THIS YEAR! no wonder they are desperate.

Bank Turmoil Ramps Up Pressure for $900 Billion of ... Bloomberg
1 day ago — Given higher rates and an uncertain outlook, the number of commercial property deals dropped 51% in February from a year earlier to $26.9 ...