To gain an edge, this is what you need to know now.

Freudian Slip

Please click here for a chart of Nasdaq 100 ETF ().

Note the following:

  • The chart shows when the FOMC statement was released.
  • In the past, the market would often run up when the statement was released.
  • Today the market did not run-up.
  • The chart shows the market started running up when Powell started speaking.  The reason was that Powell stayed steadfast that he was going to continue to print money at the present rate in spite of strong economic data.
  • Powell clearly stated that it is not yet time to think about tapering.