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