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Bank of America says "The Fed has to crush consumer demand with much higher rates"


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#1 pdx5

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Posted 27 February 2023 - 09:11 PM

The Fed has to crush consumer demand with much higher rates if it wants to get inflation under control, Bank of America says

 

 

  • Americans' strong spending is keeping inflation elevated and sticky, which makes the Fed's job harder. 
  • The Fed will have to employ more interest rate hikes to crush demand and tame inflation, Bank of America said Monday. 
  • For the Fed to reach its 2% inflation target, consumer demand will have to weaken "considerably" and a recession is likely. 

https://markets.busi...ign=business-sf

 


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#2 skott

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Posted 27 February 2023 - 10:01 PM

No doubt bullish ehh Pdx5 ?



#3 pdx5

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Posted 27 February 2023 - 10:35 PM

No doubt bullish ehh Pdx5 ?

I am long term bullish, intermediate bearish, and short term I ignore.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#4 MDurkin

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Posted 28 February 2023 - 05:07 AM



#5 pdx5

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Posted 28 February 2023 - 03:06 PM

MD, that is a nice video. thanks for the link.
Kinda long, so will see while soaking in bathtub after my gym visit today.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#6 MDurkin

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Posted 28 February 2023 - 03:46 PM

MD, that is a nice video. thanks for the link.
Kinda long, so will see while soaking in bathtub after my gym visit today.

Yeah, Mav was a money manager also a trader. I think his channel started about a year ago. He adds some humor into his videos which is nice. Seems to have a good feel for the market.



#7 K Wave

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Posted 28 February 2023 - 10:14 PM

 

MD, that is a nice video. thanks for the link.
Kinda long, so will see while soaking in bathtub after my gym visit today.

Yeah, Mav was a money manager also a trader. I think his channel started about a year ago. He adds some humor into his videos which is nice. Seems to have a good feel for the market.

 

On His Fed overdoing it (duh)....may be just about to be triggered on HomeBuilder ETF...

 

If bulls do not gap it up out of here, the SWUP under the 4 hour 900 looking potentially very bearish....

 

 

and 15 min at massive decision point....so still not ruling out bulls stick save for another couple of days...

 

But under $67 for any length of time could be very no bueno now

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#8 pdx5

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Posted 01 March 2023 - 08:40 AM

50 basis points increase in March could prove to be the kill shot 🙄
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule