#stockmarket#technicalanalysis. All about trading & investing - Technical Analysis in Stock & Options. Tweets’s are our opinion & not investment advice.
Proud moment for India to pip UK, our colonial ruler, as the 5th largest economy: India $3.5trn vs UK $3.2trn.But a reality check of population denominator: India: 1.4 bn vs UK.068 bn.Hence,per capita GDP we at $2,500 vs $47,000. We have miles to go…Let’s be at it!
Federal Reserve Chairman Powell finally spoke firmly to fight inflation. Reminds us of Paul Volcker who broke the back of US inflation in 70s/80s. Watch out for Quantitative Tightening ( QT). US rules the financial world. Opiated markets will wake up and smell the coffee!
US inflation 8.6% year on year. Monthly inflation 1% ie 12% annualised! Cannot believe average Fed funds rate still below 1% pa. Massive catch up needed. Let’s remember that when US sneezes the world catches a cold.