A couple of interesting things to consider this morning.
First, Global downturn spurred Fed to consider changing rate path: minutes
Federal Reserve policymakers worried last month that a global slowdown and financial market selloff could hurt the U.S. economy and considered changing the central bank’s planned interest rate hike path for 2016.
Well, that was fast. Mind you, this sudden change of heart comes after a laughable 25 bps increase. What a bunch of fools (at the Fed). This should not come as a surprise to the readers of this blog. I have been talking about this very aspect throughout 2015. Why The FED Will Not Raise Interest Rates
Now, in consideration of today’s market environment.
- This indicator suggests this week’s stock-market rally won’t last
- Longtime bull turned bear says S&P 500 could tumble 34.1%
- Is there enough blood in the streets to buy stocks?
I suggest you read all of the above and come to your own conclusion. As for me, I will simply repeat what I have said here last night.
We remain in a very complex market environment. Here is the chart I presented to you almost two weeks ago. Suggesting at the time that the market will remain within a certain trading range until the structure below (sphere) completes itself on a certain date and price. When it does, a powerful directional move will start. If you would like to find out when that PRICE/TIME arrives (to the day) and where the market will push next, please Click Here.
This Shocking Analysis Clarifies What The Market Will Do Next Google