Digesting Powell’s speech
The market will probably continue to study Powell’s speech today as news take about 1 day to be digested.
Interestingly, Powell said that he doesn’t feel the current monetary policy is too tight. Really? Is he going to raise rate again this year? Is he gonna wait for something to break to admit that the current monetary policy is getting tight?
Meanwhile, the 10 year treasury continues to rise for a few consecutive days already - hitting 5% in the process. That’s like the highest level since July 2007, a good 16 years ago!
Interestingly, Powell said that he doesn’t feel the current monetary policy is too tight. Really? Is he going to raise rate again this year? Is he gonna wait for something to break to admit that the current monetary policy is getting tight?
Meanwhile, the 10 year treasury continues to rise for a few consecutive days already - hitting 5% in the process. That’s like the highest level since July 2007, a good 16 years ago!
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OceansWave : One thing I know for sure.. Papa Bear Powell is hungry for beef… that’s why many bulls got slaughtered..
On the topic of whether more interest rate hike this year.. it’s hard to say based from his speech… but his statement of “higher interest rate for longer” that sounds extremely hawkish..
Ultimately, I do personally feel that it’s better to observe now.. because the market in October has unpredictable movements.. for example past few Fridays, we have had unexpected bull runs and suddenly Yields just drop…
Exercise caution, watch the market behavior before entering any trade and have stop loss
Markio1315 : US needs to get more loans (issue bonds).. they have no choice but to lock high yields so institutes/funds to buy them. But the Chinese and Japs are selling the bonds, and now with 2 war fronts, the US need to issue even more $$. Bond yields already can kill the rally, no need to raise rates. Let's look at $American Express (AXP.US)$ results later to see consumer spending trends.
Cow Moo-ney OP OceansWave : He has been talking about higher for longer. To me, what was hawkish is that he says not monetary policy is not tight enough despite interest rate being so high, and that he sort of wants the economy and job market to slow
Cow Moo-ney OP Markio1315 : Seems like the yields will remain elevated for a while. And right, gonna see what insight Amex has for us
razo2 : 2021 is print those money, baby. 2023 is print those T bills and Bonds, baby.
没钱吃饭有钱买股 : @Cow Moo-ney what’s the supports level for TSLA ? Thanks !
Cow Moo-ney OP 没钱吃饭有钱买股 : 212 to 214 (recent low + 200 MA)
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