Finally, the long-awaited speech has been announced.
🇺🇸 FED CHAIR POWELL WILL DELIVER A SPEECH NEXT TUESDAY.
Last year, his speech was on September 30th...
It was negative, and those who were with us remember the magnitude of the shock at the time of the speech.
The market fell sharply for a few days in early October.
Then it rebounded and didn't stop until December 15th...with investors focused on avoiding risk.
I expect the speech this time to be positive, with talk of a second and third interest rate cut, God willing.
There are no serious fears of a recession or a significant rise in inflation, as there were at the same time last year.
