Jerome Powell FAILED the stock market

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The stock market saw another record reversal today, but this time it was giving up a 2.5% gain turned to a red close. The reason for the drop? Jerome Powell. Despite the FOMC usually producing a positive market reaction, today it was a negative 3% move. The statement wasn't bad, but during the press conference, Jerome Powell dropped the ball by saying there is a lot of room to hike rates & that balance sheet reduction can come sooner and be bigger than last time. On top of that. Powell acknowledged the hawkish expectations the market has been pricing in and said that is a result of his market communication working. Despite all the recent volatility, this was the cherry on top and now brings a lot more implications. I go over what I expect to happen in the next few days, but expect a lot of flip flop all over wall street as everyone digests this. ITS GOING TO BE EXCITING SO I HOPE YOU ARE READY! POST YOUR WATCHLIST BELOW AND SEE YOU IN THE MORNING!

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