The next 48 hours are critical for the stock market. Jerome Powell will testify to the US Senate on Tuesday and Wednesday, and his comments will either cause a stock market crash or a stock market rally. The stock market news today indicates that Jerome Powell will be dovish instead of hawkish, and that means tomorrow’s stock market prediction is for the stock market to go up based upon tomorrow’s market analysis. But longer term, the Federal Reserve will have to raise interest rates higher than expected for longer than expected, which could make today’s share market news irrelevant in the long term.
