If Fed is saying no interest rate hikes for another 2 to 3 years, which gives certainty that money will be cheap for a long time, then thats the best thing that could happen to stock market. Probably the only thing better than that is the news of fully functional vaccine or therapeutic.
However Mr Powell also loves to use his favorite line of "Night is dark and full of terrors" when he gives a speech and that gives people reason to sell.
There is no doubt US election means uncertainty otherwise in an environment with unprecedented liquidity and low interest rates, people would be buying shares like its hot cakes.
I am wondering what people think about Trump presidency Vs Biden.
I think both have potential in market surging but Trump probably more immediately whereas Biden is less certain and may be more of a mid to long term thing.
