Any outcome or hints from the emergency meeting?

So what the cause on the market reversal? If anything in particular.

Well, since banks are the largest buyers in both the debt and equity markets, it must have been something to help the banks and their confidence in counter party risk or lack thereof.

quote:

---

Other than that just sentiment.

---

That's a lot of sentiment!

Either way, reading some of the other threads, there are several posters on here that I swear are dying for the market to go down, and genuinely seem disappointed on days like today or thinking about the concept of the market going up when the economy is supposedly so bad. It's weird. Not you UltimateParadox, but most of you likely know who they are.

What "reversal?" .... the Fed continues its current QT policy, even though the rate may have slowed.

When Bonds spike, .... then the Fed will reverse from QT to QE .... which is the only tool they have remaining. Why? ...because the corrupted US Congress doesn't have the stones to implement meaningful spending cuts ... to do what is right and what is required.

The Fed balance sheet will be in excess of $19T by Q1'23. And that will result in further declines in the stock markets (-25% to -35%, ... S&P $2,750 level, IMO) and massive job losses ..... and as bad as it is going to get here, the US will still have it better than most countries globally - far better.

I pray I am wrong about that prediction, but the signs are reasonably clear. Bad economic policies, uncoordinated global actions, negative supply shocks, fake claims of "transitory" .... all are contributing to a problem confounded by rampant, unchecked government spending on an epic scale .... most of which is being wasted on unproductive, idealogical programs worldwide.

Won't hurt my feelings to get some longterm holds or real-estate for cheap.