Powell pretty much says he will do what it takes to bring inflation down even if it hurts the economy.
US markets selling off hard now.
Powell clearly spells out he is concentrating on taming inflation,
IR higher for longer.
No ‘Pivot’ in sight for markets.
Bear Market rally now reversing.
SPX500 Chart update.
The 16th August resistance test of 4326 now clearly rejected.
Today's bearish red candle broke below my temporary lower low with conviction.
So now time to observe and NOT to predict where the market finds the next support level.
$S&P 500(.SPX)$ $SP Plus(SP)$ $DJIA(.DJI)$ $NASDAQ(.IXIC)$
Macro Trend
Monetary policy, various types of price indices... Here is everything about the macro economy!
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