The next Fed interest rate decision in on Thursday. The guy below reckons the market is in for a big shock with more hawkish "higher for longer" remarks from the fed. He has new fed reports that show the labor market remains tight and wages are growing at 5-7% and this is causing inflation to go up. So, no way can the fed cut rates anytime soon. Meanwhile, loan defaults and delinquencies are going through the roof. Something has to break! - I wonder how Biden is going to put a positive spin on this?
XJO - Bear Posts only (Factors which might cause the markets to fall), page-15064
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Last
7,710.9 |
Change
-55.800(0.72%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,766.7 | 7,766.7 | 7,703.1 |
| XJO (ASX) Chart |