I MUST & WILL BUY AT LEVELS BELOW FRIDAY'S CLOSE
No rate hike???
Why aren't ES FUTURES SOARING?
GOLDMAN: In light of recent stress in the banking system, we no longer expect the #FOMC to deliver a rate hike at its March 22 meeting with considerable uncertainty about the path beyond March. [Hatzius]
Let's whether this was the FED's intended message
Mohamed A. El-Erian@elerianm·5hWith the US #SVB-related bailout going beyond what many expected, markets see it as more than protecting deposits and small #tech The immediate move in 2-year bonds points to the view that,by treating this as a systemic threat,the #Fed will also retreat from its #inflation battle
I agree the Fed will be less aggressive at the next meeting, and so today low may well be the low for a while ........................
Edited by redfoliage2, 13 March 2023 - 11:05 AM.