Powell

The Earnings Are starting to come in and they dont look amazing. We are RUNNING HEAD FORST INTO A EARNINGS RECESSION!

Please Beware that we have more downtrend momtion to go. In my opinion.

Jerome Powell has made sure to come off with a hawkish tone for the past 2-3 meetings.

He said that the biggest mistake that the Fed Chair Paul Volcker made was cutting rates too soon, which then caused inflation to spike up high again.

Powell has made his mind that HE WOULD NOT MAKE THAT SAME MISTAKE....

So Powell and friends may decide to Pause their rate hikes after two more 25 basis point raises (Feb and March) But Do not expect him to Cut those rates before the end of 2023....

The market is rallying because after a year of bad news, Things look to be getting better.... But what they are not realizing is, How long these slow downs could last.

I believe that we only have One more leg down before we actually bottom. But I am not extremely experianced yet.,.,

I hope this gives you all a helpful perspective and I wish yo all the BEST !

Thank you!!!!!

---BIZ---