🚨🚨 WARSH HAS SPOKEN — AND THE MARKET WASN’T READY 🚨🚨
The new Fed chairman came in proper hawkish 👀
• Inflation is still too high
• The 2% target remains non-negotiable
• No promises of rate cuts
• Financial conditions may not be restrictive enough
But it wasn’t all doom and gloom 👀
The economy and corporate earnings are still holding up well, while AI investment continues to support productivity and growth. Warsh also stressed that “money matters” and that monetary conditions remain critical. Most importantly, the next move will depend on the data.
Now here’s the level I’m watching closely:$AAPLB
The new Fed chairman came in proper hawkish 👀
• Inflation is still too high
• The 2% target remains non-negotiable
• No promises of rate cuts
• Financial conditions may not be restrictive enough
But it wasn’t all doom and gloom 👀
The economy and corporate earnings are still holding up well, while AI investment continues to support productivity and growth. Warsh also stressed that “money matters” and that monetary conditions remain critical. Most importantly, the next move will depend on the data.
Now here’s the level I’m watching closely:$AAPLB
