Posted by VS investor read this please (136..98.176) on February 03, 2023 at 19:48:10:
In Reply to: Re: Chít tía rồi SPY có xuất hiện topping tail vào cuối ngày khung daily posted by CCCV on February 03, 2023 at 13:12:20:
Oh dear. A lot of investors just learned again, the hard way, the old rule: When someone tries to tell you something about themselves, listen.
On Wednesday afternoon Federal Reserve Chairman Jerome Powell said over and over again: We’re not done raising interest rates. We’re not finished. We’re not expecting to cut rates any time soon. Barring a complete surprise, we’re not expecting to start cutting rates this year. We would much rather raise rates too high and keep them high for too long than start cutting them a moment too soon.
Read: The blowout jobs report is actually three times stronger than it appears
Wall Street didn’t listen. Investors began penciling in early rate cuts. Risk assets boomed. Nasdaq was up. Crypto was up. Cathie Wood was up. Michael “The Big Short” Burry actually deleted his Twitter account, after his “sell” call looked so foolish.
Oops.
January’s blowout jobs report, posted Friday morning, showed nonfarm payrolls rose by nearly three times as much as economists had been expecting.
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No, the economy isn’t slowing.
No, the Fed’s big campaign of interest-rate hikes all last year hasn’t shown up yet on Main Street.
And no, there’s no reason to expect rate cuts any time soon.