Powell in the hot seat

9 Okt 2022This week we see what the fed is truly made of. Given continued hawkishness from the Fed in their minutes, by the end of Wednesday I believe we could be hovering just above the pre-covid highs in wait of the inflation report Thursday. If inflation is shown not to be slowing down I believe the follow through on this move down could be jaw dropping. In that case, limit down Sunday night is well within reasonable to test the Fed's resolve with regard to their tough talk. I'm not holding any position over night as the Fed could capitulate at any time if things start unraveling.