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re: Whats the next event that could send the markets back down to the 3500 level or lower??
Posted on 11/30/22 at 7:35 pm to Pendulum
Posted on 11/30/22 at 7:35 pm to Pendulum
quote:
Powell is playing this kind of brilliant. CPI comes in light, he can go dove and say I was prepared to go further but data is guiding us. If CPI comes in higher than expected, he basically just stays on the same course and says "I was telling you guys ALL ALONG". And they managed to not break anything.
Exactly, he can change his tone at any point.
We don't know if anything will break, but he's driving us towards stagflation.
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