It is too little too late. Powell made a grave mistake. Fed should have started cutting rates in June to stave off a recession. The indicators were already clear in June that inflation is going down and non farm payroll are down. But he held on and on and now the recession is like a speeding train. Its now impossible to stop a speeding train so we will head into a full blown recession in 2025/26 and the fed will have to cut rates to 0% to keep it afloat while cost of living will still be high. Well done Powell. You just screwed an entire generation of people.
Take Profit as S&P Hits 5800 or Hold Till 6000?
As the stock market hits record highs more than 40 times this year, there are concerns that history might repeat itself and another financial crisis could occur.
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Will S&P 500 hit 6000 by year-end as institutions predict?
Would you take profit and stay cautious ahead or hold till the year-end?
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