USmarket is up yesterday but reits down today. How come? Did you buy buy buy today? Or still waiting for lower price?
The market expects the rate hike to Slow down, hence market rejoice!
However, look carefully, RATE HIKE SLOW DOWN! What does this mean? This means that there will still be hike, cheap money getting lesser, equities will still suffer as inflation is high, rate still high. Read this article from the horse mouth itself.
https://www.cnbc.com/2022/11/23/fed-minutes-november-2022.html
However, I want to highlight one point. FOCUS on the end rate! Make your own deduction. Did you see what I am seeing?
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