Celebrating Small Wins!! It's important for us to remain prudent in such a volatile climate. FED is flushing in cash with buybacks of up to US$2 billion of nominal coupon securities, and up to US$500 million for Treasury inflation-protected securities (Tips).
Thus would give the market a positive upside as more pumps will be made into the exchange. A positive sign for the market too as that Powell is indicatively implying that the rates would remain constant/dovish. On top of that, employment data falls below expectations with unemployment numbers going up. This pleases the market and thus easing VIX indicator too with a drop of 17% in the past month.
Trade prudently. The market presents lots of opportunities for trades especially when the earnings of many big techs/firms are round the corner in May. Good luck to all traders out there!! #tothemoon #SEA #NVIDIA
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