Harj
05-20

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.

Oil Just Pushed Long Yields Up — Can Tonight's 23:00 Buyback Push Them Back Down?
Houthi strikes on Saudi energy lifted oil, pulling the S&P and Dow down while QQQ slipped just 0.08%: a plus and a minus at once. Tonight the Treasury sets its expanded 10-to-20-year buyback cap, executing Thursday; Bessent already took the single-session long-bond size from $2bn to at least $4bn. Well above that pushes long yields down; the minimum reads timid. A buyback is not QE and does not retire the deficit. Strong payrolls, oil and deficit worries have the 10-year near 4.8%, and oil hits energy prices first. Buy long bonds before tonight's number, or wait for inflation data on tech?
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