RE:RE:YET ANOTHER DOWN DAYThe "FED" and bank of Canada were late to raise rates then when they did they went to far. Powell will stay with high rates to long as he doesn't want a repeat of the 70'S when inflation turned back up after they thought they had it beat, Canada and Europe will follow suit.
By first Q of next year Canada and Europe will be in full recession. Heck here in Canada we are in one now it's just not realized. The other problem is the American consumer is they are stubbronly strong also making Powell stay higher longer eventually pushing America into a recession also.
A raise by Exro into next year will not be good for the SP at all. But you are seeing that Santa rally right now as the data PPL are looking at is lagging.