Post by
apapas1973 on Dec 06, 2022 11:12pm
Upcoming FOMC meeting.
This upcoming FOMC meeting in about a week's time will also be an important one. Right now the traders are baking in a 50 point raise, not 75. I'm wondering if this is the beginning of the pivot talk. I think the dollar runs here till about the FOMC and then takes another leg down. Metals are telling us something. They always sniff out trend changes. How fast the dollar moves down in its next leg will tell us if it's entered into a multi year downtrend and whether metals/commodities are starting a longer term bull run. Markets should run opposite the dollar. So they should put in a bottom by next week. I'm just a little conflicted about the markets now. We'll get our year end rally but not sure how long it lasts after that. I was expecting a more severe downtrend this fall. Well we got one, but I thought more than that. It's possible the Fed has pushed the correction into end of next year which should bring us a bit lower than the fall low. GLTA
Comment by
cantlose22 on Dec 07, 2022 1:59am
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