I’m away at the Burn vs. Blitz special event to start the week, so I don’t have my normal look ahead. Instead, we’ll cover my reaction to Federal Reserve Chair Jerome Powell’s super hawkish comments Friday, which sent the market into a tailspin…
Simply put, the market hated what he said, which is that it’s almost guaranteed we’ll see another 0.75% interest rate hike at the next Federal Open Market Committee meeting.
He also said there’s going to be “pain” ahead, and I’m not sure why anyone was surprised by this because inflation is still a major problem at 8.5%. He’s been saying the Fed will continue on this path to fight inflation no matter what. So this isn’t anything new…
The market got too far ahead of itself in the rally over the past several weeks, so we had a major sell-off that continued into Monday morning.
But I’m here to tell you…
The “pain” that Powell predicted won’t be as bad as the market is pricing in right now.
Check out my video up top and let’s discuss!
Are there any topics you’d like to see me cover or questions you’d like answered? Send me an email at jeff@joyofthetrade.com! And be sure to stay ahead of the markets by subscribing to our YouTube channel and our Instagram page for all of the latest!
P.S. Bank of America DOWNGRADED Life Storage. Bold Move
I’ve just released my newest way to trade, and once you see the premise of this strategy… you’re going to see why I love going against the grain.
The key is doing exactly what Wall Street tells you NOT to do — let me show you…
Back on June 21, Bank of America DOWNGRADED Life Storage.
But screw following the norm! Instead of running for the hills, anyone could’ve turned this negative news into a positive…
All that needed to be done was a quick flip… BUYING up Life Storage…
And then guess what? BOOM, up 111%!*
And this is just one of a number of backtested examples.
So please, don’t waste another second trying to keep up with Wall Street’s fishy antics…
*The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. Based on historical backtested data. Not indicative of any future results. Trade at your own risk.
