🙉🙊🙈 WILL WALL STREET CLOSE LOWER TONIGHT? 🙉🙊🙈

Investors' fears that the Federal Reserve may keep rates higher longer have weighed on stocks this week.

Fed Chairman Jerome Powell on Wednesday maintained that while there is still room for interest rate cuts this year, policymakers will need more proof that inflation is moving toward the central bank’s 2% guideline before rates can come down. As a result, Wall Street adjusted its expectations for rate reductions. Fed funds futures trading data now suggests a 58.5% likelihood of a cut at the Federal Reserve’s June meeting, down from about 70% last week, according to the CME FedWatch Tool.

"I don't think that the Fed really has any reason to cut rates. The economy is so strong and we still have not beaten inflation yet," said Larry Tentarelli, chief technical strategist for Blue Chip Daily Trend Report. He also thinks the equity market is showing signs of a “bullish rotation,” or a diversification of growth beyond the megacap tech names that have powered the market rally since last fall. 

💔💔 INVESTORS ARE NOW AWAITING FRIDAY FOR THE RELEASE OF MARCH'S NONFARM PAYROLLS. 💔💔

 🤌🏻 🤌🏻 IF JOBS DATA COMES IN STRONG TML, WE MAY SEE REDS OVER THE NEXT FEW DAYS. MORE PAIN TO COME. PREPARE FOR MORE SELL OFFS. 🤌🏻🤌🏻

GG LOL.

What do you guys think?

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