Jun. 18 at 3:24 PM
$OPFI The stock it up today on anticipation of Trump appointing himself to be FED chairman after calling J. Powell names trying to get him to do something.
The way I see it, Tame CPI, PCE strong economy... rates come down and the meeting will not move rates, rather like the late "Prince" said, "Let doves fly." or something like that.
For those that do not understand the dynamics... lenders lend with their money and borrowed money. Borrowed money has rates that lenders pay and the game is to lend at rates higher than borrowed money to the public.
So when rates go down, the lenders just borrow at the new rate and pay off the old rate. The delta from borrowed to loaned in the business widens and OMG money is made in financials.
Grandma wants a piece of that
