Nasdaq going down Following Feds Hawkish tone Last Night
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Jerome 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.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.