Because everyone is afraid of an impending market crash in Wall St this week after FOMC rate hike and RBA rate hike decision adds to the buying pause. I did tell everyone not to wait for event days and to sell ahead. Perhaps people are late to my thread which called out this eventuality since Dec last year, perhaps people are in denial and waiting to see carnage before they act.
Wall St can act either very bearish or very bullish after tonight’s FOMC. But if very bullish, that’s possibly an unsustained one unless the Fed clarified that it is more dovish than the market anticipates.
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