Wallstreet Finally getting what they want from powell

[Ayn Rand]

The real reason for the 50 basis point reduction had little to do with the economy or the stock market. The FED (Wizards of OZ) are always working off prior data that is revised. Like driving a car using your review mirror. Most will not even notice a 50 basis point cut. But if you factor in a 50 basis point cut on the $35 trillion debt you are talking real money.

 

[S2007S]

People are just SHIT!! They wanted a rate cut, Powell was going to give them just 25 bp cut and they screamed "More more!!" and Powell just gave them 50 bp cut and it's still not enough. The market is still tanking. What more do they want? A 1% cut??!! Cut the rate down to zero again??!! Seriously??!! With such an aggressive rate cut like that, the market should be soaring...

Unreal!! The market tanked on a 50bp rate cut!! Whatever...

Tanked?? .sarcasm right...
.

 

[S2007S]

The real reason for the 50 basis point reduction had little to do with the economy or the stock market. The FED (Wizards of OZ) are always working off prior data that is revised. Like driving a car using your review mirror. Most will not even notice a 50 basis point cut. But if you factor in a 50 basis point cut on the $35 trillion debt you are talking real money.

Instead of actually addressing the 35 trillion and forever growing debt they rather just knock rates down 50 basis points and pay a bit less interest...amazing. anyway the more trillions of debt we have added has only pushed equity markets higher and higher. What I mean is that when the debt levels are at 50 trillion the s&p will actually be over 7000! Just keep that in mind.....

 

[Nine_Ender]

50 haaaaa

He bowed to wallstreet once again!!!!!!!

Low rates once again coming. Savers can never have any fun, they got maybe a year worth of nice returns on their savings after waiting what 20 yrs??

Rates were too high dumb ass, for reasons you'll obviously struggle to comprehend. Again, economic measures and the stock market are not designed to promote bad events, no matter how many years you whine that they should be.

 

[kmgilroy89]

Given where the S&P was on the daily, I really expected a rally with the 50 point cut serving as a catalyst, especially once it went to Powell at 2:30. While it seemed like the technicals and fundamentals were aligned, we got chop after breaking to the new ATH. I bet big and lost big today, putting my maximum daily risk on a long, oh well. My guess is we start a rally soon.

 

[Ayn Rand]

I do not know the political bias of each of the Board of Gov but this smells. Could the economy wait until after the election for any kind of additional economic bump. Sure. No one is going to say if the FED waited until after the election everything would have fallen apart. This move stinks. Does anyone know how each voting member voted? Doubt it. Again - The FED is made up of a group of people who do not have a clue about economics. Have you ever read any of the dissertations of The Board Members? Very low level stuff.

 

[S2007S]

Tonight they are jamming the futures up over 1%. Yep now markets are giddy and excited for another 50 basis point cut....

I just can't wait for the next meeting. Many anticipating yet another cut.
Just amazing since 5% is actually considered a historical low rate to begin with.....

Now the prediction for end of 2025 is for 3.4%
And a rate of 2.9% by end of 2026.

All wallstreet wants is 0% rates to feed the liquidity and keep markets continously propped up.

 

[S2007S]

Rates were too high dumb ass, for reasons you'll obviously struggle to comprehend. Again, economic measures and the stock market are not designed to promote bad events, no matter how many years you whine that they should be.

5% Rates were too high?????

I know you want lower rates to keep wallstreet primed and ready for more liquidity to keep markets propped. Can't keep rates up to high, nope..nope.... savers cant enjoy a little bit of happiness on their hard earned money ......Almost seems hilarious that on one end wallstreet and analysts claim earnings and profits are continously on an uptrend, with strong predictions for higher growth margins, yet everyone is worried about 5% rates holding back the economy. ....so what is it??

Fed just feeding wallstreet what it wants. ....

 

[TheDawn]

Tanked?? .sarcasm right...
.

It's going up now but it was tanking yesterday which was quite strange. If you noticed, the day actually closed lower when Fed just announced a 50bp rate cut which was ridiculous.

 

[S2007S]

It's going up now but it was tanking yesterday which was quite strange. If you noticed, the day actually closed lower when Fed just announced a 50bp rate cut.

Tanking isn't a 100 point drop on the dow. If you believe the markets tanked yesterday I would honestly suggest you sell all of your positions and go cash because if you thought yesterday markets tanked than you will be feeling extreme discomfort to the point of depression if markets even fall a few percentage points......

I would sell today's rally and park your money in money markets and CDs. .....only way you won't have to worry about the markets tanking when the dow loses 95 points in the last hr of the trading day!