Today was a bad day for the stock market, but we are still in a good position compared to the big fall of March!
FUNDAMENTALLY
🔰 Powell : The Corona crisis has seriously damaged our labor market and our production.
🔰 I pledge to continue using the current levers to support the economy as long as necessary!
🔰 Powell: Unemployment is still at a very bad historical level!
🔰 There is still a risk of losing more jobs!
🔰 Some jobs have started, but there is still a long way to go!
🔰 We are committed to using all our tools and power with all our might and influence!
🔰 We are ready to buy more bonds if necessary!
🔰 We keep the current tools even after overcoming this crisis!
🔰 We expect the economy to recover from the second half of the year.
🔰 Powell: A heavy prospect of uncertainty awaits the economy!
🔰 Current policies are set up exactly as they should be!
🔰We haven't even thought about raising interest rates and we don't think so!
🔰 We support the economy at all costs, and now is not the time to worry about government debt!
HE ALSO SAID "There is a risk of further blows to the economy in the future, and there may not be a new job for the unemployed at some point!"
LOGICALLY THIS MEANS THAT ALL STOCKS WILL HEAD DOWN TILL FURTHER NOTICE
TECHNICALLY NASDAQ BROKE OUT OF ALL TRENDS MOST ESP THE MAJOR UPTREND TO FORM A NEW DOWN TREND DUE TO THE FUNDAMENTALS , WE ARE LOOKING AT MORE DOWNSIDE BEFORE THE NEXT $ 1 billion injection package will be injected into the economy next month AS Munchin the US Treasury Secretary said ...
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