THE STOCK MARKET’S REACTION TO THIS ONE WORD FROM POWELL TELLS PRUDENT INVESTORS TO BE CAREFUL $SPY $AMZN $FB $NFLX $MSFT $AMD $AKAM $TNDM $TWLO
Sometimes the U.S. stock market sends a clear, unambiguous message. But many investors are so caught up in their own opinions that they shut out the message.
This market is controlled by the momo (momentum) crowd. The momo crowd believes blue skies are ahead as far as they can see. The message the stock market sent during Federal Reserve Chairman Jerome Powell’s press conference Wednesday says that the market is vulnerable. Let’s explore the issue with the help of a chart.
Chart
Please click here for an annotated chart of S&P 500 ETF SPY which represents the S&P 500 Index SPX.… Please click here or the title below to read more.
May 2, 2019