Engineering The Trade

Powell’s Comments Trigger Unexpected Market Shifts

| Nov 15, 2024
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    Engineering The Trade

    Powell’s Comments Trigger Unexpected Market Shifts

    Nov 15, 2024
    The discussion focused on unexpected market shifts following comments by Federal Reserve Chair Jerome Powell, suggesting no rushed interest rate cuts. This led to a surge in trading volume, particularly in the S&P 500 (ES). Errol Coleman and Jermal Chandler discussed strategies, with Coleman observing changes in financials and cryptocurrencies, noting Bitcoin's rally. Concerns about sectoral volatility prompted reevaluations of positions, emphasizing the challenge of market unpredictability post-election.

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