After Jerome Powell’s speech, markets are caught in the middle. Participants are hoping for a pivot. Is the bottom in or is more pain on the horizon?
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Powell’s Speech And Contracting ISM PMI
We want to zoom out and revisit the broader macroeconomic picture and analyze some of the latest data that came out this week, which will heavily influence the market direction over the next few months.
After Jerome Powell’s Brooking Institution speech, it’s clear that markets are chomping at the bit to move higher with any possible Federal Reserve narrative and pivot scenario. There’s over hedging, short squeezes, options market dynamics and forced buying. This is beyond our expertise to say exactly why markets are exploding with volat
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