This is solely my personal bias opinions for September. Fed was told to QT by reducing the balance sheet starting in June at $45B and September up to $90B, so far they continue buying bonds and flooding the market with cheap money hence interest rate is not going up since June except mortgage rate. Second, market is hype-up by inflation CPI drop below analysts expectations at 8.5 but historically still very high. Mean while the Fed promise to bring it down to 2% but everything they do is opposite. This Fed seem to be influenced by political and market driven more than fighting inflation for average working Americans. Many working-class Americans have to decide to cut down on goods for necessities such as rent, food, utilities and gas. This Fed will hit a road block eventually because despite gasoline prices slowly trickle down, groceries, rent, utilities still high and affect people directly on daily basis. I know the market euphoria is at all time high compare to previous 2Q, I hope we only going up from here but tread lightly.
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