Markets moved bullishly at least in part thinking that the Feds were meeting to discuss measures to allay the general concern about markets potentially crashing after a terrible September.
However, all they discussed was about debit cards needing at least 2 payment options in light of the the increasing diversity in payment mechanisms.
I believe that the market has just got its ankle broken by a stepover(basketball analogy), and markets are set to revert on its bearish course.
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20221003a.htm
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments