Is a Double Bottom Coming for S&P 500?
ECB announced a 25 bps cut, bringing it down to 2.25%.
Powell rejected all hints at rate cuts on Wednesday. He emphasized that the Fed must ensure tariffs do not spark persistent inflation, stating that "more time is needed" to assess inflation trends. He also dismissed the idea of a Fed Put.
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Is it a double bottom coming?
What's your target price for S&P 500?
Will it head for 5000 or lower?