Biden predicts Federal Reserve will lower interest rates
In a speech on Friday, Biden “bet” that the Fed would be cutting interest rates soon.
It is extremely rare for a President not named Trump to comment on Federal Reserve policy. This comes after a climax run in $NVIDIA (NVDA.US)$ stock and a volatile week that had the market on the cusp of a much needed pause or pullback.
Yet now, if market participants take this comment seriously and believe Biden has inside information about Powell’s plan, the market could surge higher, trapping newly minted shorts, and avert the healthy price action it needs to sustain this bull run for the longer term.
Anyone think Biden’s comments will ignite the market next week? Or will they just ignore this crazy old man? $S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
It is extremely rare for a President not named Trump to comment on Federal Reserve policy. This comes after a climax run in $NVIDIA (NVDA.US)$ stock and a volatile week that had the market on the cusp of a much needed pause or pullback.
Yet now, if market participants take this comment seriously and believe Biden has inside information about Powell’s plan, the market could surge higher, trapping newly minted shorts, and avert the healthy price action it needs to sustain this bull run for the longer term.
Anyone think Biden’s comments will ignite the market next week? Or will they just ignore this crazy old man? $S&P 500 Index (.SPX.US)$ $Dow Jones Industrial Average (.DJI.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
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10baggerbamm : what Biden says is meaningless it's worthless he reads off of the teleprompter he's not running the country other people are his voting polls is approval rating is it the lowest of any president in the history so whatever he says throw it in the dumpster because his credibility is useless he has none it's like a 5-year-old with chocolate all over his face and he asked the kid have you been eating chocolate and the kid says no that's Biden
71866178 10baggerbamm :
Geez this thing reads so angry! Calm down take a deep breath
razo2 : he cut rates you watch oil fly to 200
Ultratech 10baggerbamm : it's easier to just accept things people say simply as some sort of good news nothing more