The following is their statement.
Chairman Powell's press conference can be viewed in the video below.
The big takeaway word that he uttered was "uncertainty"...which I've mentioned extensively in my latest posts over the past week...so, trade with caution!
So far, other Central Bankers have remained silent as to their intentions.
As I write this post Tuesday at 1:50 pm ET, the US10YT is continuing to plunge to new 60-years lows and is now below 1%...signalling there's not a lot of confidence in further demand for higher equity prices (as per my recent post)...and further corroborating the need for a much larger remedy, as I emphasized in this recent post, not only by the U.S. government, but by other world leaders, as well.
But the time for that is likely long gone, so, to repeat, trade with caution!
Volatility is here to stay, especially if the SPX:VIX ratio is unable to retake and hold above 80, and then 100!
