What the fuck does “Pivot” mean?

I’m honestly curious what you clowns think “pivot” actually means. Last I knew “pivot” meant changing directions in a 180 degree fashion which would equal when the FED goes from raising interest rates to then cutting interest rates.

Would the “pivot” term actually come into play when Daddy Powell actually has the first rate cut?

First it was “rate cuts = pivot”

Then it was “no more rate hikes = pivot”

Then it was “slower rate hikes = pivot”

Now it is “talks of slower rate hikes = pivot”

Yeah yeah the market is “6 months ahead” with its forward looking mindset…until it’s not.

The fuck does pivot mean.