To The Moon

The market reacted strongly after the FOMC meeting. Indeed, Powell's statement is the most "eagle" since taking the office. More importantly (giving bears the chance to fight back), It is FEDs' uncertain follow-up policy makes the market frightened. The market is not afraid of eagles or surprised(can be fixed in short time, such as "sell the fact"). But the most annoying thing is uncertainty. There is almost no update information at this meeting. The market has priced-in raising interest rates, balance sheet runoff, and adjusting the assets holding. Although the Fed is responsible for a large part of the current awkward situation as they neglected inflation and misjudged in the second half of last yea