The obvious beneficiary of a rate cut is financials. I thought about XLF calls Friday afternoon but bailed because I didn't know why the market rallied. Silly me, of course it's the Fed. SHould have known since they burned me in 2008.
Expect XLF to rally into teh Fed meeting in March.
Also, way oversold like everything else, lol.
Expect XLF to rally into teh Fed meeting in March.
Also, way oversold like everything else, lol.
Order cancelled
Panic shopping has started in WA due to the coronavirus death here.Stay out of buying any long positions, gonna be a wild ride.
Note
LOL, I guess I didn't draw the arrow steep enough.Note
Well, we almost hit my target on the emergency rate cut, then looks like it sold the news. Might be the best bet when the market double bottoms, everyone's gonna refinance when rates hit 0.75%, lol.Another rate cut is already priced in. Feds will probably comply with the market because Powell has no backbone.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.