🇺🇸 TRUMP TO FED CHAIR: “YOU’RE FIRED!” - ALSO TRUMP: LOOK WHAT I DID TO MORTGAGE RATES
Trump just posted a cartoon of himself firing Fed Chair Jerome Powell - box, plant, sad face and all.
Then he followed it up with a chart proudly claiming mortgage rates fell from 6.94% to…
🇺🇸 TRUMP TO FED CHAIR: “YOU’RE FIRED!” - ALSO TRUMP: LOOK WHAT I DID TO MORTGAGE RATES
Trump just posted a cartoon of himself firing Fed Chair Jerome Powell - box, plant, sad face and all.
Then he followed it up with a chart proudly claiming mortgage rates fell from 6.94% to… https://t.co/xNSriNZdVf
TRUMP IN THE PAST FEW HOURS.
1. Announces 100% tariff on pharmaceuticals
2. Announces 50% tariff on kitchen cabinets
3. Announces 50% tariff on bathroom vanities and associated products
4. Announces 30% tariff on upholstered furniture
5. Announces 25% tariff on heavy trucks
🚨 US data is out 🚨
• Jobless claims at 218K, better than prev. 231K
• Q2 GDP up 3.8% QoQ annualized (est. 3.3%)
Markets now have fresh fuel for moves 👀
🚨 US data is out 🚨
• Jobless claims at 218K, better than prev. 231K
• Q2 GDP up 3.8% QoQ annualized (est. 3.3%)
Markets now have fresh fuel for moves 👀
SUMMARY OF 🇺🇸 FED'S POWELL SPEECH:
● TARIFFS WILL ONLY CAUSE ONE-TIME’ PRICE INCREASES OVER SEVERAL QUARTERS.
● FED WILL MAKE SURE TARIFFS DON’T DRIVE ONGOING INFLATION
● DOWNSIDE RISKS TO EMPLOYMENT HAVE RISEN
● LONG-RUN INFLATION EXPECTATIONS IN LINE WITH 2% TARGET
●…
Real talk: I’m fucking sick of waiting for alt season too. About fed up being patient. Noobie me would of clocked out.
This is how they get you. This is why so few will catch this.
It going to happen when you’ve lost nearly all interest. Continue to stay locked in at all cost.
This is the biggest liquidation since March, with over 95% coming from long positions
Why is an event like this important?
-The market is overheating
- Over-leveraged Longs need to get flushed to reset the market.
Now, the market is setting the stage for the next major move…
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