President Trump has been loudly complaining that he (and our economy) are “not getting any help” from the Fed because of the repeated rate hikes over the last year or so.
Today, in a speech, the Fed Chairman sounded very dovish and accommodating to the market mavens in his first big policy speech. Stocks have pushed through the previous all-time highs and are up nicely today. Gold and the miners are having a huge day. The US dollar is down.
For now, the bull market in US stocks continues. Gold and the miners may have bottomed for the year, based on the signals by the Fed.
Time will tell.
Have a great weekend.