TSLA back up over 1200 on dovish tone from Jerome Powell
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TSLA back up over 1200 on dovish tone from Jerome Powell
Jerome Powell
"Lower rates incourage borrowing and is good for the economy"
Which is why I prefer investing in US equities/ NZ relies too much on housing which becomes a political football.
I own 8 figures worth of real estate ,l need a re balancing towards US companies.
All indices up/Russell 2000 small cap up just short of 2%
Quite clearly the leader of the Fed wants to be patient.
Hopefully he gets re elected.
Those who continue to believe inflation is here to stay/ buy that .(I'm talking to you Tony Alexander)
Those who believe inflation is transitory (me)
Buy the Fed!!
Vix volatility index down almost 5%
Fed basically gave the green light for risk on assets.
Not financial advice.
All indices closing higher!
Big shout out to Jerome Powell!
Have a great Thursday.
TSLA closed at an all time high $1213 and went higher A/H to $1217/ NASDAQ futures opened in the green following Feds dovish tone on interest rates today.
Tesla rejects reports on Qingdao as site of its second China EV plant location.