Nasdaq going down Following Feds Hawkish tone Last NightJerome Powell’s Hawkish Tone: What It Means for Stocks
Last night, Jerome Powell hinted at potential downward pressure on stocks.
Typically:
Lower interest rates = positive for stocks
Higher interest rates = negative for stocks
While Powell didn’t explicitly suggest rate hikes, his emphasis on the need to “pause” could signal that the Fed is noticing a return of inflation—despite signs of economic weakness.
I’m not calling the market top just yet, but I believe we’re close. For now, I’ll be focusing on short positions until new data tells a different story.
Trade safe!