As usual, the Fed did NOTHING! It is incredible that they can "speak" without knowing or asking what I am doing, which will be announced shortly. We have a very strong dollar and a very weak Fed. I will work "brilliantly" with both, and the U.S. will do great. My only question is, who is our bigger enemy, Jay Powel or Chairman Xi?"
It was not immediately clear what Trump was referring to by Powell not knowing what Trump "is doing", or what he will announce shortly.
However, it is ironic that after stocks eventually hit session highs just before Trump's tweet, they have since drifted lower, even as yields and the dollar slump, while gold is soaring. In other words, if stocks end up dropping now, and if Trump is looking for a culprit for today's market action, he should look in the mirror.