FINAL WARNING! Get Your Cash OUT OF THE BANKS. The Debt Market Is MELTING DOWN... Mannarino
From Greg M
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Video seemed a little glitchy...not sure if it was my connection. Money out of the bank. Let's hope this thing goes down soon
Powell is going to play the "tough card” today in his speech at the economic club in NYC. This will shift market anticipation of a FED rate cut into hawkish sentiment, and the market will rally into FED decision on Nov. 1st. He will make it clear that unless the war escalates significantly in the Middle East, the FED won’t pivot to dovish stances. However, this war is expanding quickly, and there will be an escalation before the meeting on November 1st.
This speech by Powell has been pre planned. All speeches prior to a FED decision are to shift market anticipation in the opposite direction, before they announce what everyone was originally anticipating. It’s a game of smoke and mirrors. Get ready for a small bounce in the market, and the pan sell off coming November 1st. The FED already knows that it has no choice but to cut rates.
Watch the Ten Year Yield collapse before he speaks. This is just my expectation...and the reason why I believe the FED will cut rates is because it is a "perfect storm" for institutions to buy up the market again, as it falls. I could be totally wrong, but i can say with 100% certainty that there will not be a rate hike on November 1st.