What goes up will come down; But will there be a much-mentioned crash?
@Asphen:
FED May FOMC 0.25 might be last raise; Much talked about pause from June FED say will pause for longer, Bond market say will cut rate 3x by end 2023 FED say need see next 3 inflation reports - May, June, July, means continued pause or cut will be known by FOMC 21 July Liquidity Mar rally was fuelled by all the bank failures and FED injecting liquidity in the market Late Apr FED resumption of QT briefly stopped the "rally" FED started pumping again after the 2 latest banks "possible" failures Expect some propping of market for now (evident also on Friday 5 May) Price action Has been on an early possible bull cycle since Oct 2022 and remains so on long term indicators Key level to break now is 416 which leads to 421 and then 430 430 will be the confirmation of the bull cycle This does not me