SPY RATES

The market thinks rates are going to be cut this year and shouldn’t go up anymore but the feds keep raising rates this is the confusion going on. Since November we have been in a 10% range like I said before we will be stuck range bound for a long time which is fine for us but really bad for businesses. The fed rate at 4.75% is now higher than the PCE at 4.71% this should lead to cuts in about 11 months if you look back at all the other times this happened but the market thinks July we should cut rates and be below 3% by the end of 2024. It’s so crazy that this is what’s happening when yesterday Powell said there will be no rate cuts this year, so really will July be the month we break out of the range we will see. Also we newly printed 300 billion in loans to banks he said it’s not QE, but there’s always a but it’s money that didn’t exist before and now it will be real. Anyway keep your head right and protect your capital also don’t forget to pay your taxes I just did damn I hate taxes lol
As always trade what’s in front of you good luck

Oh yeah feds start talking tomorrow right at the bell Bullard talks