Up and down. Up and down. Range bound, range bound. This is getting silly……..and old.
The President is never shy about expressing his opinion, and his seething hatred for Jerome Powell remains undeterred. A major rate slashing is what the POTUS wants, so much so that it should be lower than other countries.
Of course, to do that, we’d need to go…….what………negative three percent? I’m not sure what the lowest rate is these days. But perhaps since the President just cancelled his trip to Denmark (the country that refuses to sell us Greenland), he was reminded of this because of the following fact:
In any case, these “Othello” markets so incredibly annoying, because it doesn’t allow one to really accrue substantial profits across the board with any kind of trend. It seems like one day is all either side gets.