Loading ...as usual, the banks or connected hedge funds knew what was coming.
Was hoping we’d get a move up to $1320 but as soon as Powell starting speaking we were stopped cold. Nonetheless, this beats the alternative of getting crushed like we usually do.
All that being said, if we can’t put together a decent rally for an extended period on the news of no more hikes and rates and the USD falling, I’ve got to wonder whether we’ll ever get a sustained rally. The only news better than this would be a rate cut – and that’s coming too.
