Replies to post #272400 on SPDR S&P 500 (SPY)

[spartex]

Stocks rip higher, Dow surges 450 points after Fed Chair Powell signals rates are near neutral


I really think Larry Kudlow already had the Powell script the other day when he spoke on CNBC lol. Got to know how to play the game!



https://www.cnbc.com/2018/11/28/stock-market-wall-street-looks-to-fed-chair-speech-and-trade-news.html

[Emptyhead]

80% Hike still on table for December and 60% by 2nd Quarter 2019 ;)

[AllTheHype]

I wouldn't call it a surrender to Trump. The data warranted a neutral stance. It really shouldn't be a surprise to the market, and the market was gunning for 272 anyway so it just got there a little faster.

IMO, market will soon be approaching "wait" mode the rest of this week pending information on trade at G20. I may not trade the rest of the week til that result is known.