Not much clue tbh, Warsh didn't bring much good news to the market but we already sold off substantially before the meeting so what now?
My pov is he was put there under the condition there will never be a hike
So ofc when inflation is higher than target and you don't hike you have a difficult exercise
Trump appointment puppets everywhere why would it be diffrent with the fed chair?
Market was ok for about 15min ish into the presser, then Warsh got wobbly with questions and the market tanked
The lesson for the past few dys is to ignore everysingle price given before market open, they were all very wrong
If NQ doesn't bottom around here I think we're down another 8% before we know it
We have to see at the open if there is still this insane selling pressure or not and how it impacts prices