DOVE Alert! S&P 500, Gold, Bitcoin Rise After Powell Goes Full DOVE, UST 10Y Yield Falls

Sharing is Caring!

by confoundedinterest17

Well, I was expecting a little more guidance than Fed Chair Powell gave today at the J-Hole conference. In fact, failing to give a hard date on paring back the balance sheet and raising rates is downright dovish. A regrettable incident.

See also  Fighter Jet Intercepts Small Plane Flying Over NYC After Biden’s UN Speech

As a result of Powell’s dovish talk, GOLD, BITCOIN and the S&P500 index rose.

See also  Alberta bar closes after 'overwhelming' number of threats after opting into vax pass

The S&P 500 index rose almost 1% today while the 10Y Treasury yield dropped 4 bps.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.