If the Fed reduces interest rates, clearly they’re not telling us something. But at this point, stocks are rising because they anticipate the Fed will CUT. But why cut if stocks are rising?
Look at the Federal Reserve and their actions. It’s impossible to ignore. Powell was rolled out in front of the public several times this year to keep propping up the markets without actually taking any action. Algorithms are loving it. There’s just one issue, you can only string people along so many times, when something breaks, the rush to the exists will be unprecedented.
Markets: Indexes, Bonds, Forex, Key Commodities, ETFs
$INDU | SharpChart | StockCharts.com
Weak U.S. employment report raises red flag on economy – Reuters