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To: Real Man who wrote (19280)11/2/2023 1:15:40 AM
From: Rarebird  Respond to of 26251
 
Powell said it is a tightening bias until inflation rate comes down to 2% -2.5%. They are in wait and see mode, letting the hikes pass through the system.

The Market fell because of the rapid rise in the 10 year yield. This was due to QT accompanied by volatility in the bond market and investor fear. Yes, Yellen, as I said, has lots of power.

If the 10 year rallies in a countertrend move to the low 4's, the stock market will rally hard to at least $4400-$4475 SPX and possibly higher.

Ultimately, the stock market is screwed; it is just a matter of timing.

It is a bear market.



To: Real Man who wrote (19280)11/2/2023 8:27:46 AM
From: Rarebird  Read Replies (1) | Respond to of 26251
 
My sense is that ex-Fed head, Yellen had a little talk with Powell and the Fed and told them to cool it or they will be blamed for the coming recession.

When you get down to it, the Fed should have hiked again and the bond Market knows it.


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