federal reserve ex jerome powell market influence
not sure if you remember what i wrote more than a week ago. saying that the markets uptrend wil be halted by something negative that the fed will say. and yes it just happened several days back when jim bullard mentioned something hawkish which sent the markets to a downward spiral
well the fed members dont just deliver negative statements and nothing else. something positive happened most recently. just today. Federal reserves's raphael Bostic says that he is ready to move away from large rate increases. when i caught wind of this it just made me smile ear to ear, and i rarely smile during the weekends so this a truly rare event
what can we as investor expect next week? well i would say the markets should rally due to bostic's most recent statements. what will stop this rally from continuing? the usual as i have mentioned before but i will reiterate once more. there are still other members of the fed who can make negative statements that will cause this rally to pause, or worse still spark yet another selloff
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K