Fuck the tension is real. We are up, but markets haven’t done shit in hours. We all want to run and dance — yet we wait.
The FOMC just said they’d taper and markets are frozen, more or less waiting for resolution. My sense is we RUN HARD into the close — but you never know.
The fucks at the Fed will not hurt markets. The Fed’s only job is to maintain high asset prices — because that is all we have.
Powell talks at 2:30pm — but this looks good because the reaction has been positive.
Current headlines via Stocklabs
VIX -14% and crashing support.
Powell said lower bound or close to it for a year or even more if necessary. What’s not to like?
Now the only remaining question is will the CME power slam Powell and break his will by December or January at the earliest?