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GM #Bulls
My feed is full of big #Bear accounts trying to explain how #bearish papa Powell speech is.
You were wrong and rate cuts came and as expected but he cannot give us 0.50 pbs because it will signal that the economy is worse than we think.
So he gave us a guided map 3 rate cuts by this year. Markets like certainty.
Big accounts are wrong because they are repeating what books are saying and not listening to market vibes and messages.
Yes QT is still there because inflation is still a concern and it is elevated. So he gave us a perfect certain environment and markets and traders like certainty.