$Direxion Daily Semiconductor Bear 3x Shares ETF (SOXS.US)$ Honestly, a sharp drop is expected tonight. This move by Trump—installing Kevin at the cost of ousting Powell—is clearly strategic. A rate hike is certainly off the table. Given inflation concerns, a hold is highly likely—but if they actually cut rates, stocks would skyrocket. With midterms looming and his approval ratings falling, Trump desperately needs to boost the stock market. Maybe staying flat (no position) is the safest bet regardless of what happens?
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