Two weeks ago I wrote that I truly believe the FED can't lower rates anymore. This might be happening right now with the CPI numbers just out. Numbers showed that pricing are going up faster than expected geeez, we didn't need to wait for these numbers to come out to know that, we the public are been hurting for months with rising fuel and food prices.
The FED is in a hard spot and this is why I believe so strongly the market longer term is in a bear market because the FED has no more ammunition in its arsenal to stop a prolong downturn. We will see soon enough
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- Charlotte, NC, United States
- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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