SPDR S&P 500 ETF TRUSTUpdated Forcing Powell's Hand
The long-term trendline that has held from the bottom of 2009 will be tested at some point in my opinion.
If Powell continues raising rates until something breaks (which is what it seems like he wants at this point) then the market is going to have to comply.
No new highs for the index.
If Powell continues raising rates until something breaks (which is what it seems like he wants at this point) then the market is going to have to comply.
No new highs for the index.
Note
In b4 new ATHs
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