No sense
$E-mini NASDAQ 100 Futures(SEP4) (NQmain.US)$ Index is almost touching the high of pre rate cut and we have not seen any confirmation of rate cut yet, does this rally make sense? ![]()
If Fed really starts cutting rates, market will go even higher from here while the economy is not doing as well as before, it really doesn't make sense
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Markio1315 : yes will go higher.. catching all the FOMO.. end year rally.. PCE will show slowed inflation, but FED will only cut if econ show weakness, which will trigger a correction.
razo2 : market always don't make any sense until something collapse from the rate hike.
razo2 Markio1315 : inflation still 2% above target and market factoring in a rate cut. also did anyone health insurance fell by 40% last Q? lol. JP seems to think so.
Markio1315 razo2 : yes.. better to wait for tomorrow if wanna short or hedge. pump before the dump