Powell was appointed by Trump during his first term as President. The entire world knows the greed of Trump and how he was pressuring Powell to reduce the interest rates to promote investment. However, Powell resisted this as an independent decision maker to reduce inflation economy despite open threats of his removal by Trump. The new appointee Marsh may not be able to dictates of Trump as he has only a casting vote to lower or increase interest rates. If the interest rates go down then AI and Cripto shares will bounce but if investors lose confidence in independence of Federal Reserve it could be counter productive. Gulf war is impacting the world as such the market will see-saw on daily basis.
A stellar and fearless Powell is the guiding power for persons holding constitutional posts to work under extreme political threats and yet uphold the values of the institution. I salute him.
Jerome Powell Says He Will Continue To Serve As A Fed Governor, Calls Trump Criticism ‘Unprecedented’
Currently global situation is highly uncertain as such position will and should change
@ARKK Investment Tracker:ARKK Investment Tracker position change: Increased position in SoFi Technologies Inc. by 7,626 shares, the number of shares held increased 0.34% compared to the previous period and now represents 0.61% of the total position.
Trump is rightly nicknamed TACO and is making loud calls. The 48 hours threat has no meaning for Iran. Iran is now targeting Israel and US assets deployed in Gulf with resounding success. World economy is highly stressed due to cascading impact of fuel prices. Inflation will continue to rise. Investors will be reluctant to invest but there could be opportunities for picking up bargains in shares like MSFT, Google and PANW.
$Palantir Technologies Inc.(PLTR)$ It has the potential to go beyond $200. With US government having avoided shut down through conciliation with Democrats PLTR will get Government payments and become bullish soon.