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RE: TIB: Today I Bought (and Sold) - An Investors Journal #409 - Dutch Bank, Steel/Lithium, Marijuana, US Healthcare, Semiconductors, Euro, 56 Percent Club Update
I actually felt ok about his wording considering the comments from the President asking for not only a 100 bps rate decrease but even quantitative easing! When the ship does start to turn, it will be interesting the pressure to move and in what cadence.
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I agree. I thought his words were exactly bang on what needed saying. Markets seem to be in "dream on" mode.
I do know that Donald Trump and Jerome Powell both like the use the market as their metric. I think Jerome Powell understands the markets a whole lot better AND will make more rational and reasoned choices. He just showed that this week and in January.