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Schwimmbo OP t1_j2faroo wrote

Reply to comment by Not_Sure_68 in Is there any bullish argument left for NVDA going into 2023? by Schwimmbo

>If you're going to short this sucker down 50% already, then you'd better watch the fed like a hawk as one whiff of backing off their token rate hikes could lead to a monster tech rally.

That's for sure.

The ridiculous "FeD wIlL pIvOt" rumours a couple of months ago cost me a lot of money lol.

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Not_Sure_68 t1_j2fc51q wrote

Ridiculous? Why? Because it didn't happen on your timetable?

So then, when will the fed stop "tightening", in your learned opinion? When they do will they simply go back to easy money policy? ...iyo?

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Schwimmbo OP t1_j2fogtg wrote

Ridiculous because the Fed has been extremely transparent about them raising the rates, the pace thereof and the duration. A WSJ article claiming a pivot whilst JPOW sounded hawkish every speech and causing a rally... Yeah, that's ridiculous. Why can't the markets just accept that they'll act on what they said lol.

Besides that I nowhere claimed that I know when they'll stop the tightening.

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Not_Sure_68 t1_j2fsna0 wrote

JPOW is the same dood that insisted inflation was transitory. I don't believe the fed because they lie all the time. Anyway, if they wished to fight price inflation then they'd move fed funds to a rate above price inflation and stop screwing around with silly 25 - 75 bp hikes.

Even at 425 to 450 bp on fed funds, which took nearly a year to get to btw, there's zero chance they'll get a handle on price inflation. Instead they're simply normalizing high levels of price inflation while slowing destroying debt and equity markets. Here I thought the fed always aimed for 2% price inflation to steal slowly from savers...now 2% has turned into 7% and people are happy when it stops going up for a couple months. lol

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