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The fed doesn't give a f where asset prices are at the moment,...

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13/06/20

11:50

Post #: 45201673
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Originally posted by matrix18: ↑

Off the back of no news? Jpow just got done saying it will be a long economic recovery and that they weren't even thinking of thinking about raising rates. He also avoided the question about a bubble. Couple that with Covid cases increasing in some cities (perhaps a by-product of more testing as has been said). Even taking all this news into consideration, as also been suggested here, the dump may have also been due to market manipulation.
It's all a game and a dance. There is no way Trump and the Fed will allow the drop many of you are hoping to see. It's an election year and there will be more all-time high's than just the Nasdaq at some point this year.

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The fed doesn't give a f where asset prices are at the moment, they made it clear this week. Their only focus is interest rates and liquidity. What the market does with that is not up to them. Their liquidity injections have actually peaked and are near back to zero now.

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