Kevin Warsh has revealed himself to be unyielding inflation hawk, operating with a single minded focus on absolute pricing stability.
By severely cutting down the Fed's policy statement & omitting his own interest rate forecast, Warsh has intentionally left the market in the dark. He believes the market should interpret on its own merit rather than relying on the Feds for constant reassurance.
I believe that the inmediate future for $SPDR S&P 500 ETF Trust(SPY)$ is not a straight line up. It may even fall. The current bull market is vulnerable based on a few highly overvalued tech stocks.
With the short term Treasury yields spiking & a potential rate hike, the markets will be volatile.
Nonetheless the market has always gone up in the long term. So if there is any volatility, it is time for bargain hunting.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- twixzyΒ·06-19 16:43TOPIf SPY only works on dips now, this tape is thinner than people think. Are you actually buying broad indexes here or just waiting for tech to reset?1Report
- zumaΒ·06-20 08:04thx1Report