I think that the market will go up. Fed Chair Powell will not be more hawkish. He may continue with the narrative that they will fight inflation until it goes down in a sustained way. Same narrative as his previous speeches. July PCE remains the same so that feeds to the story that at least PCE may have reached the peak. Moreover mid term elections are coming. Being more hawkish now will mean admitting that inflation is not coming down. Biden administration will lose votes. Selling puts of my favourite stocks is what I did yesterday. Depending on the price action, may start selling covered calls and all using Tiger platform.
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