SPDR S&P 500 (SPY)

[louieforpar]

An excerpt from Powell speech today:

“Powell in his prepared remarks to the House panel said rate reductions will "likely be appropriate" later this year, "if the economy evolves broadly as expected" and once officials gain more confidence in inflation's steady decline.
Though nothing is guaranteed and progress on inflation "is not assured," Powell said, he regarded the economy as clear of immediate recession risks, with a low 3.7% unemployment rate and broad growth likely to continue, and an expectation that inflation will remain in decline.
"That's the economy that we're trying to achieve. We're on a good path so far to be able to get there," Powell said.”



Post(s)from late January:


“AFTER JPOW THIS FRAUD MARKET IS DONE!!!!!!!!! “

“THE FED ALREADY SAID NO RATE CUTS IN 2024...... PUMPTARDS ARE IN DENIAL!!!!!! “

“THE FED NEEDS TO RE-FINANCE $7.6 TRILLION IN MATURING DEBT WITHIN THE NEXT 11 MONTHS..... RATES ARE NOT GOING ANYWHERE EXCEPT UP!!!!!!!!! “

Note:SPY up from 482 from time of above post.