/biz/ - Business & Finance

>>55938414
Kek

>Bulls really thought NVDA earnings by itself could counter Jerome fucking Powell

Lol, lmao even

>>55644042
Don’t lay a finger on SQQQ before Labor Day. The Fed will announce a 25 bps hike Wednesday while hinting at doing one final hike in September. QQQ will go down 2% at most and then climb back to that level a week later. Repeat after me:

>the market can never crash in the Summer

It’s simply not possible for the market to crash or go down substantially in the Summer unless the Fed does something like Jackson Hole again. All the real traders are out in the Hamptons banging onlyfans models and won’t be back until after Labor Day. Unless JPow comes along and tries to fuck our shit up intentionally, nothing is fucking happening before Labor Day

>>55508841
If core inflation remains elevated, I could see them doing at least 3, maybe 4 more rate hikes. Powell can continue raising rates up to around 10-11% before Congress can no longer pay the national debt. It would destroy a lot of other countries in the process if he went that high, but that’s not Powell’s problem. I could see them settling on 6.5-7% interest rates by the end of next year though