We can now see a quickly developing gap between the interests of the Federal Reserve and the Trump administration as the FOMC not only kept rates stable but also hinted that future rate decreases would be cautiously approached.
This is not going to make the developer-in-chief happy; never seen a Developer who likes more expensive capital, have you?
After the decision, our Ebbinghaus model looked like it was clarifying *(for the techs) that from the Top we have done a 1,2,3,4,5 down, then a 2 up which was followed by a 3(1) down, and the rally earlier this week 3(2) up. In Elliott analysis, wave 3’s are where the blood runs in the street.
Got your boots on?
While we don’t offer financial advice, seems to us the bloodletting could run a day or three and much will depend on how quickly the A.I. and Crypto bubbles are impacted.
-ure
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