💵This weekend, let's scan some news.
News is the communication tool of sharks to rationalize price movements. This statement is often used to keep oneself alert to price fluctuations before and after any hot news around the world.
However, if we think in the opposite way, how can we predict which news and which timeline will have hot news released, and what type of news that will be? What do sharks want from that news?
Now, scanning some news, there are some important timelines according to the monthly framework:
- 16/5 Mr. Powell will leave his position at #FED . So he is Kevin Warsh, who is expected to support interest rate cuts.
- 5/11 The midterm election results for Trump will be announced.
Let's discuss a bit, even though I'm not an economic expert or have too much knowledge or data. This election is to secure seats in the House of Representatives and to gain as much support as possible for future policy decisions, Trump will find ways to demonstrate the recovery of the economy after the new Fed Chair takes office. Therefore, I think from May to November will be a major upward wave as Trump seeks to push economic indicators in a positive direction.
Thus, in about a month and a half from now until the end of May, the market wave may be quite choppy.