I think it's good they didn't lower rates. the market is in the mood to be more scared by that than happy.
Risks Are Roughly Balanced<-- that line removed... Core inflation kept at 2.2% This is better than I had hoped for... unemployment stabilized June 18 rate cut FOR SURE!!! <-------
Reduced Growth rate Raised inflation rate. It's pretty clear A)-> We have to break out the stagflation playbook. B)->" Uncertainty Increased " is brought forward in the statement and Risks being balanced is taken out.. I see that as neg. Risk is unbalanced... But you could see that as positive as well if there's overall less risk.. Rally On Boys & Gals Raised inflation to 2.8%<---- and no additional cuts...///// so the old 2% has been changed to 2.8% HUGE!! And folks I'll take you back a few years I've been telling these guys to ditch the 2% mandate forever!!!
5693 / 5685 If we can get through that level on Powell Press conference we be good! SP500 S&P 500 Index 5,659.43 +44.77(+0.80%)2:23 PM 03/19/25 S&P Complete Indices |Realtime
Some Rotation completed. Sold my new positions in Africa Oil and Fortuna at a little over b/e. Rebought Athabaska large position can't ignore the momentum it'll go to $6 Cdn minimum imo. Bought Nuvista on the dip. Standing sell order on all Silvercorp need a minor move to hit. Watching Africa Oil for a sign what it will do here. Letting Copper stocks run. Several energy stocks I sold recently are up today but it's a somewhat unreliable trade in them at the moment ( Veren, MEG Energy ) and I wanted to play the metals instead. Aya Silver annoyingly rallied huge after I sold it much like Endeavour Silver did last week. However, the pullbacks on these stocks can be rapid especially on opens ( eg I got caught holding MAG Silver this morning ).