Powell: The Federal Reserve’s Semi-Annual Monetary Policy Report

Why is there no reaction on the market?

Biden's ass is being polished like a golden egg XD

Do you know Project 225? Powell: I have no fudge idea
Ms Waters is asking dumb questions...

Why should it? CPI is tomorrow. Wait for that if you can sit on your hands...

^This. Powell said yesterday (paraphrasing here): "I am not going to hint at any rate cuts timeline during these hearings". Everything else is a 'read the tea leaves' situation.....but becomes irrelevant in the face of Thursday/Friday CPI/PPI numbers.

what were you'll expecting ;]

No market reaction

Plaster = Cut
I got the hint Jay!

Haha. Friend here

The equity markets have certainly been driving the march toward rate cuts. They are priced in....and continue to be heavily relied upon as happening sooner rather than later.....and two this year is looking very likely.

Now, having priced in those rate cuts doesn't mean a whole lot without knowing how the market will react once the rate cuts actually transpire. Will the market breath a sigh of relief once they hit (and March higher)? Or, will the markets not trust that the FEF has done the right things all along and, therefore, pull back substantially on the cuts for fear of the cuts meaning the economy is actually going to become TOO soft and recession fears surface again....

Your guess is as good as mine.

I have been lightening up on equities through this rally (and kicking myself daily for not being as long as I was a couple of weeks ago).

CPI will either be a catalyst to the upside or reason to take some profits and initiate a slide into the fall. 21000 Nasdaq and 5700 S&P will occur about the same time will be an easy 'pop' and drop zone....or a huge push through area of no bearish sentiment decides to jump in.

Looking for a "good" bearish entry point (or long exit point) though? Toss in those good till cancel orders a little below the aforementioned levels and expect them to be filled either on the run up to CLI tomorrow AM or instantly once the number hits.

Want to get REALLY crazy with it? Set up an order that fills with the pop and triggers a "closing" order to happen ~0.75% below the entry. Two fills in under 10 seconds if the first fill occurs on the number's release.

Whatever ultimately happens tomorrow, it is going to be a BIG move on the number. This thing is just too extended not to have a massive extension rally or big "sell the news" drop....almost regardless of what the number actually is.

Here's a fun game to test how hard it is to predict outcomes: write down three scenarios...1) CPI is much BETTER than expected 2) CPI is IN LINE 3) CPI is much WORSE than expected. Next, write down what you think will happen to your favorite market initially and by the end of the trading day (so 6 answers).

Feeling brave? Post predictions here....

I am willing to bet at LEAST 4 of the answers will be wrong. I highly suspect mine would be. Of course, we will only ever be able to "validate" those answers for the initial CPI scenario that occurs. But, it will be interesting to see how many of the opposite outcomes expected take place.

Even if you gave me the exact CPI report, my interpretation of what the market will do with that information is likely to be incorrect (despite how much I feel the market SHOULD do what I predict based on "logic").

Get ready for some fun