SP500 Index Continues to Attempt a Move to the Upside SPX SPX500 SPY500 StockTrading StocksToTrade StocksInFocus stockstowatch
, that’s next Wednesday. It’s not so much the interest rate hike that they won’t like so much, but it is the statement by Jerome Powell afterward.
I suspect that he will do everything he can to crush risk appetite, but whether or not Wall Street pays attention to he might be a completely different question altogether. After all, they have done everything they can to keep the market from getting overly aggressive, but Wall Street continues to do everything it can to come up with some type of narrative.At this point, I think it’s probably worth noting that as long as Wall Street chooses to ignore Jerome Powell, there’s not much he can do other than keep monetary policy tight for longer than they anticipated.
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