Powell Pumps the Market. Unfortunately, the Fed Is Always Wrong

August 31, 2021 New '0.01' Reading Unlocks 209% Windfalls on Average And, no, it's not from the "regular" stock market… Yet, anyone with a brokerage account has access to these lucrative opportunities… And a chance to stack the odds in their favor — with up to 96.2% accuracy on real-money trades. This "0.01" reading is responsible for $3.4 million in profits… Unlock the Secret Powell Pumps the Market. Unfortunately, the Fed Is Always Wrong We received a ton of economic data this past week, but we had to wait until the end for the information that mattered most... Friday morning, Federal Reserve Chair Jerome Powell provided markets the pump they were waiting for — as expected — announcing no immediate tapering of asset purchases, and no plans to raise interest rates. Shocker, I know. But the justification was as mealy mouthed as it gets from the moment he sat down at the microphone to tell the curious story of consumer response to COVID-19. "In a reversal of typical patterns in a downturn," Powell said, "aggregate personal income rose rather than fell…" Curious. Curious indeed... And Dead Wrong My Market-Leading Stocks, Crypto — and What Friday's Fed News Means The big news this past week came when the Federal Reserve announced Friday it will likely begin tapering its asset purchases — bonds — by the end of the year. That simply means it will slow the rate it's been buying bonds, which ramped up once the pandemic first hit to help pump liquidity into the economy. Think of the easy-money policy we've had since March 2020 as the Fed put its pedal to the metal... It's still going to give the economy some gas, but it will ease back on just how much.   The central bank isn't going to raise interest rates just yet and Chair Jerome Powell said it will continue supporting both Main Street and Wall Street with more easy money. But things are going to start dialing back just a bit. Long after the pandemic lockdown was over, it kept its emergency policies in place. And there are consequences to that... What It Means "I really enjoy your tips!" Stanley Pennant formations are usually treated like flag formations because they are very similar in appearance, tend to show up at the same place in an existing trend, and have the same volume and measuring criteria.   Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein. Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.   Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.

 

                                                           

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