For the nervous...3 Nov 2022 08:38
Before people start bemoaning the SP fall, Fed Chair Powell indicated that US interest rates will rise to 5% or more in 2023...whatever is necessary to bring US inflation back to 2%.
Markets which had been up early in his speech then tanked, with the S&P tanking 4% from its intraday high.
The dollar is sharply higher and copper fell 4% from its high...so...
The FTSE is quite benign only down 0.6% but Industrial Metals are down (BHP 1.9%) so for the brave the SOLG SP slip may be an opportunity pre imminent news...
Somebody already thinks so and indeed I would definitely be a buyer sub 16...
But if probably wont get there...onwards and upwards...