Probably no rate cuts this year

Powell mentioned that the recent data is not giving confidence of ratecut. I predict maybe ratehike at the end of the year. Retail sales and CPI came in HOT, and inflation is now on an upwards trend. There is also rising tension in the Middle-East between Iran and Israel. Can’t predict how it will play out, but if Israel respond to Iran , then Oil and the commodities market will rise even further which will then rise the inflation. All of this should make the stockmarket to drop, just like my predictions. People just need to realise what Powell said in the speech today. TSLA will fire 10-20% of staff worldwide, and LVMH disapoints on earnings. LVMH was one of the companies that held up the market in Q1. CORRECTION IS COMING!

Best regards

CEO J.E.V