Good morning traders...
Looks like a bit of panic selling, taking us down to levels we haven't seen in over a year.
Lots of news on Wednesday this week, where we will most definitely see a raise in rates, but Powell will need to be careful with what he says. Saying the wrong thing (as perceived by the market) will put even more pressure on a market in a downward spiral.
Not trying to paint a negative picture here, but I will be selling bounces early in the week. I think we will settle down in front of the news on Wednesday, but I think today will be lively.
Looks like a bit of panic selling, taking us down to levels we haven't seen in over a year.
Lots of news on Wednesday this week, where we will most definitely see a raise in rates, but Powell will need to be careful with what he says. Saying the wrong thing (as perceived by the market) will put even more pressure on a market in a downward spiral.
Not trying to paint a negative picture here, but I will be selling bounces early in the week. I think we will settle down in front of the news on Wednesday, but I think today will be lively.