Loading ...From a ZH reader and my thoughts too=
Nothing to worry about. Mr. Powellful and other FED members are already preparing speeches for tonight and tomorrow morning about further easing and rate cuts and the Markets will respond in kind and shoot up to start August with a Bang and then end the week in positive territory.
PONZI PUMPERS=Tomorrow there will be a parade of Fed ponzi pumpers out to “correct” the message so that the ponzi goes back up.
Time for stocks to keep declining until the Fed waves the white flag
He said pretty clearly to expect one more cut. How could he know that right now? Maybe he really is Trump’s marionette? His talking points to justify the cut were particularly weak, so maybe that really is the explanation.
The Fed cannot raise rates above 2.25%. All this bickering between Trump and Powell is distraction from having to admit the stock market would detonate if rates were raised one more time. The entire rally from Dec 26th was predicated on the Fed doing exactly what it did today, Powell drastically changed his tune back in Dec to save the markets. We’ll never see rates above 2.25% again.