“If this market bounce follows through this could be the buy the dip moment investors were waiting for. Not too long ago Jay Powell during a speech abandoned his hawkish tone towards raising rates by indicating that the fed is near the neutral rate. This indicates a slowdown in rate hikes for 2019 and what has worried the markets over the last few months and sent us into a 10% correction. The next level to see if this turns into a full on bounce is if the other factors like China, the trade war, Brexit and oil subside.” — Trading Fraternity
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