A quick review of US30 in September.
US30 had a mini run up before the eventual downfall when Fed Chair "Pain" Powell seemingly abandoned the idea of a "soft" landing and now we will be experiencing some pain in the markets is the only way. The hawkish tone is really shaking up the markets and we should see some more bearish price action in the next couple months besides a couple relief rallies of course. But markets are not looking to hold investments right now in this uncertainty but more looking to go short until inflation is settled down and Chair Powell has slowed down on interest rate hikes.
US30 had a mini run up before the eventual downfall when Fed Chair "Pain" Powell seemingly abandoned the idea of a "soft" landing and now we will be experiencing some pain in the markets is the only way. The hawkish tone is really shaking up the markets and we should see some more bearish price action in the next couple months besides a couple relief rallies of course. But markets are not looking to hold investments right now in this uncertainty but more looking to go short until inflation is settled down and Chair Powell has slowed down on interest rate hikes.