I’m still trying to make sense of why the FED came off dovish and I think the reason for this FOMC mumble jumble decision was just purely politics. Reality as well as fundamentals begs to differ on the so called inflation is cooling off gibberish. Even though the manipulated economic reports states otherwise.

So what’s the politics behind today’s FED decision?.

For a start, the FED is probably giving Washington ample time to sort out its budget. Then there’s Janet Yellen who’s still heavily propping up the impact of the FED move every step of the way. Then comes the issue with the impact of the DXY against basket of other currencies.

So I guess this gives other currencies some time to catch their breath. While DC politics plays itself out. Perhaps it might just be the FED is already at restrictive level and don’t want to blow up the market for Christmas. So they’re hoping to keep up with the failed attempts on talking the market down with no further rate increase.

This happen to be the only logical sense my sentimental mind can come up with, as a reason to why Powell dovishness to keep the Santa rally going. So Stonk to the moon 🚀 for now.

Time will tell how bad the fall will be. Let the Bulls enjoy their Santa rally while the rest of us Bears enjoy our Holidays. Merry Christmas 🎄.