https://finance.yahoo.com/news/stock-wall-street-surges-powells-161900316.html
The US stock market's surge last night was caused by Fed Powell speech which hinted that he would cut interest rates. However, the US stock market is just having some dead cat bounce and the US economy is still deteriorating. At the end of the day, the US stock market still must reflect the true economic condition.
http://sg-stock.blogspot.com/2019/06/ism-pmi-analysis-for-us-economy.html
This interest rate reduction had been predicted by us in our previous post below.
http://sg-stock.blogspot.com/2019/05/will-us-fed-reduce-its-interest-rates.html
We indicated that the US Fed would be willing to cut interest rates by analyzing the 4 US Fed interest rates.
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2 comments:
https://finance.yahoo.com/news/powell-signals-openness-cut-needed-143109979.html
https://finance.yahoo.com/news/morgan-stanley-a-50-basis-point-fed-cut-in-july-cannot-be-ruled-out-160049471.html
Look like a rate cut is highly likely now.
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