#MarketRebound
The reason why the market is in a sudden uptrend is because of
TRUMP and Powell
while trump is forcing Powell to cut rates or resign , But if Powell would have resigned from his position then we could face a huge dump.
[
1--NEWYORK, April 22 (Reuters) - Investors are
fearful of a deep hit to asset prices if U.S. President Donald Trump attempts to fire Federal Reserve Chair Jerome Powell, undermining confidence in the central bank's ability to fight inflation and act independently.
That could hurt the already bruised dollar, under-pressure equities and send bond yields higher, market participants said.]
[2--Following Powell's ousting, there would be "violent reactions in markets," according to Jamie Cox, managing partner at Harris Financial Group. "Monetary policy is not a political tool," he added.
]
will happen next
Trump recently hired (Atkins)
About Atkins--Atkins served as an SEC commissioner from 2002 to 2008 and is known for his pro-business stance. He's now the CEO of consulting firm Patomak Global Partners, which has clients across the financial and cryptocurrency industries.
Atkins is also known as a strong backer of cryptocurrencies, and could help shape key regulations for an industry Trump has avidly courted, should he be confirmed by the Senate.
////Trump is man of action, if had to say he can make market highly volatile ///.
He siad in his latest post that ''he has no intention of firing Powell''.
that's why market is still bullish.