Asks about technical support levels after Dow broke below 200-day MA, looking at European levels.
Sam
Nathan Peterson
Technical picture is bearish with major indices below 200-day MAs; Nvidia battling its 200-day MA reflects AI sentiment concerns. Suggests using options strategies to offset high VIX volatility.
Notes bonds selling off, global yields rising after Powell/Co. yesterday, asks what Cooper is seeing.
Sam
Cooper Howard
Fixed income markets driven by Middle East escalation concerns translating to higher inflation/oil price fears. Not time to add excess portfolio risk.
Asks for interpretation of Powell's comments on inflation/growth expectations and SEP confusion.
Sam
Cooper Howard
Summarizes Fed meeting as 'uncertainty' due to Middle East direction/duration. Terminal dot moving up 10bps suggests Fed in wait-and-see mode.