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Never Short a Dull Market, They Said


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POWELL: IF DEBT CEILING ISNT RAISED NO ONE SHOULD THINK FED CAN SHIELD ECONOMY FROM EFFECTS

FED'S POWELL: IT WILL BE A COUPLE OF YEARS BEFORE THE FED'S BALANCE-SHEET DECLINE COMES TO AN END.

Is he saying that the debt ceiling not being raised is bad and that the Fed will not do QE in the event of bad economy?

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Just now, DrStool said:

😄😄😄

It's all about whether they want to lay on more leverage, or lay it off, and in what direction. Successful day traders trade the technicals, not the newsnoise. They might fade the news, if they can interpret it well enough, in the context of what the TA tells them about the trend. 

Which remains up, unless this breaks down here. 

Which, so far, it has not. 

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Powell, paraphrased: Despite many people believing (or hoping) the Fed's recent inflation projections were too high because inflation would come down faster, the Fed didn't see it that way and, given last week's job report, still doesn't.

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3 minutes ago, potatohead said:

POWELL: IF DEBT CEILING ISNT RAISED NO ONE SHOULD THINK FED CAN SHIELD ECONOMY FROM EFFECTS

FED'S POWELL: IT WILL BE A COUPLE OF YEARS BEFORE THE FED'S BALANCE-SHEET DECLINE COMES TO AN END.

Is he saying that the debt ceiling not being raised is bad and that the Fed will not do QE in the event of bad economy?

He says a lot of things, then does what the market eventually makes him do. 

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