5min chapter

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#174 Akhil Patel - This valuable signal could infer the market direction for years

State of the Markets

CHAPTER

Jerome Powell's Bearish Sentiments

Markets were slightly ahead of the game in terms of pricing in some of these banking issues. Negative news brings a high low, and we got it with looks like we've got a low in March. I think Jerome Powell is probably feeling quite good about himself. Everyone believes that he's going to hold interest rates very high for, you know, until something really does collapse. But I think he's smart enough to know when he's wrong and backing away from his short positions. What just the sentiment versus the price action? Yeah exactly. And that is a valuable piece of information in terms of what the market is telling you is potentially coming next.

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