koolgal
06-19
🌟🌟🌟Any preconceived notions that the new Fed Chair Kevin Warsh would be pigeonish or dovish, have been dispelled.

Kevin Warsh has revealed himself to be unyielding inflation hawk, operating with a single minded focus on absolute pricing stability.

By severely cutting down the Fed's policy statement & omitting his own interest rate forecast, Warsh has intentionally left the market in the dark.  He believes the market should interpret on its own merit rather than relying on the Feds for constant reassurance.

I believe that the inmediate future for $SPDR S&P 500 ETF Trust(SPY)$ is not a straight line up.  It may even fall.  The current bull market is vulnerable based on a few highly overvalued tech stocks.

With the short term Treasury yields spiking & a potential rate hike, the markets will be volatile.

Nonetheless the market has always gone up in the long term.  So if there is any volatility, it is time for bargain hunting.

@Tiger_comments @TigerStars @Tiger_SG

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