This event is important..Powell statements..- higher for longer...

This event is important..

Powell statements..

- higher for longer (this has never changed)
- we consider a rising market negative to rate cuts
- need to get closer to 2% before considering cuts (72% higher at present)
- there will be pain

and yet the market surges higher. It's the market makers and the MM which is artificially pushing this up. This is likely to continue up (until something breaks and the dam topples releasing the flood).

Will it last until the election in the US?
Will Oz markets follow (or maybe China cracks the whip against us)

With artificial talks on rate cuts, the DXY has continued to drop causing Oil and Commodity prices to rise which means higher cost of goods meaning higher inflation again.

A dropping dollar is lower foreign income for US companies? China trade war means those US companies highly exposed to China will suffer (AAPL especially). Also a slow down in Chinese goods means their economy falls and this is needed for global growth. This also pushes China into a potential direct conflict (Xi has mentioned this before over increased interest rates).

Increased unemployment is needed to slow this down further.

All these things MAY take time to eventuate and flow through. Shall see if the masses wake up or can't afford investments one day and that's when the rug pull occurs...