JPow will not deviate from his prior comments,November will be 75 bps hike,what is more important is his speech as to forward guidance,in regards to future hikes,that will determine the markets movement.For now the markets seems to think the Fed will pivot and are acting accordingly,my take is more pain to come,
No matter how many times JPow already said "higher for longer" still we have the market participants frontrunning the expectations,by raising less than 75bps,the Fed is still raising and will continue to raise,do not get pulled into these bear market rallies,if you do,get in and out quickly,always,always be closing.This is still a bear market until the Fed stop raising rates,and even then,when they stop raising,it will stay high for some time.Please be careful.out there,use proper risk management.
Fed May Cut Size of Rate Increases, but Is Not "Softening" Inflation Fight, Waller Says
$TotalEnergies SE(TTFNF)$Bullish on energy stocks,and this is one of my favorites,EV vehicles have a great future,but limited natural resources,and with so many geo politics going on,my take is energy stocks can hold up well in the market.
Agree with this strategy especially now in bear market,have faith and trust in the product you invest in,if the fundamentals haven't changed,there is no need for your investment strategy to change either.
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