Interestingly, S&P500 at resistance, and really hit 4100 level before retraced this week to form BEARISH reversal candle AHEAD of next week FED meeting.
Would we be seeing a hawkish FED talk next week to kill off all those PIVOT talks (it is a joke LOL) and pushing indices higher for the Santa-rally. hmm ... year end feel good rally ...
Learning corner : HAWK vs DOVE
KEY TAKEAWAYS
- Hawks are policymakers and advisors who favor higher interest rates to keep inflation in check.
- Inflation can occur when economic growth "overheats," which higher interest rates are thought to moderate.
- The opposite of a hawk is a dove, who prefers an interest rate policy that is more accommodative in order to stimulate spending in an economy.
- Depending on the state of the U.S. economy, policymakers may shift between a hawkish or dovish stance.
Taken from : Investopedia.
TEH
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