US500 and US100 have soared to fresh all-time highs after the speech from Fed’s Jerome Powell. Powell announced average inflation targeting that is about to ensure that 0% rates are here to stay for a very long time. While this was expected it nevertheless drove key US indices higher once again. US500 is close to 3500 points while US100 was above 12000 points before turning slightly lower. US100 is close to the upper limit of a very steep upwards channel.

Daily Summary: From Panic to Euphoria. The Market Recoups Losses.
US OPEN: Falling Oil Prices and Dip-Buying Fuel Rebound as Nvidia falls
Market Wrap: Strong Banking Sector, Sharp Drop in Oil
Morning Wrap: Taiwan and Asia Are Halting the Chip Crash Despite the Nvidia Espionage Scandal π‘