The Fed's only role nowadays is to create a boogeyman to prevent the stock market from bubbling up. Notice the financials are selling off.
They all know inflation will come down and people will go back to their primordial urges to spend money, so Powell needs to keep the boogeyman in play otherwise, moon.
Sure, with the government and FOMC creating trillions, public corps buying back trillions in stock. I would be giddy to.
Soooo, people don't wanna work, well then, we'll just replace them with bots. ---- Only a matter of time: Don't worry about inflation long term, these things and the artificial intelligence will "solve everything."
Still NO RISK in the markets. Keep buying calls and stocks guys. You buy and market automatically goes higher. Wow. What a paradigm. Even better buying opportunity now right?!
If you look at closing prices - 46 trading days actually. Tuesday came close at 1.89 %, though. And barely dipped below 2 % intraday. As of today's close - we're only down 4,29 % from the current top. If we correct 10 % - we have a few hundred points to go.
Just don't buy calls and stonks .... when they are going down, right? Hodler clowns are what make trading so much fun, no matter the direction.