
POWELL THROWS COLD WATER ON MOMO GURUS’ NARRATIVE
By Nigam Arora Editor’s note: This post was published yesterday in The Arora Report paid feeds as an Afternoon Capsule. To gain an edge, this is what you need to know now. December Not A Done Deal Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows when the FOMC interest rate decision was announced. As expected, the Fed cut interest rates by 25 bps. The chart shows the initial negative stock market reaction to Fed Chair Powell’s press conference as Fed Chair Powell






