Powell said it's time to cut: Will the market go wild?
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CasualInvestor
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joined discussion ยท Aug 22 23:50
Fallout or Rocket ๐
Thursday with FOMC minutes out. Seems like the possibility for rates cuts are in the bag. Or maybe not.
As shared yesterday in anticipation for a fallout. Iโve made some placements for$NVIDIA (NVDA.US)$to adjust risk for a bearish outcome short term. True enough it was good to have taken some form of insurance though covered calls and buying PUT Options.
Overall today seems like a fallout and leading to Friday. Hopefully some good news when Brother Powell hints he is doveish instead of the usual wait and see more data response.
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