GBIL - Technically Speaking: Can The Fed's Reversal Save The Bull?
As we discussed in this past weekend's missive:
A WSJ article suggesting that the Fed would not only stop hiking interest rates but also cease the balance sheet reduction which has been extracting liquidity from the market.
In mid-2018, the Federal Reserve was adamant that a strong economy and rising inflationary pressures required tighter monetary conditions. At that time they were discussing additional rate hikes and a continued reduction of their $4 Trillion balance sheet.
All it took was a rough December, pressure from Wall Street's member banks, and a disgruntled White House to