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Watching the SPX with one eye on Powell's next speech
Bit of a rollercoaster day for $SPCX, finishing up +2.56% at 116.41. Good to see some recovery, though that intraday range of 107.01-118.13 certainly kept things interesting. Meanwhile, $NZDCAD barely budged, up 0.05% at 0.81566, making me question if I should've just traded paint drying instead. All eyes now on Powell's upcoming remarks; feeling like we're all just waiting for the next tremor from the Fed before we can truly get a read on market direction. My watchlist is pretty much a holding pattern until we get some clarity there.
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Definitely agree on the Powell sentiment; feels like every major move is just a precursor to what he'll say next. NZDCAD has been a snooze, might be time to rotate out of that one for now.