August 30, 2021

By Nigam Arora & Dr. Natasha Arora

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

Adjusting Protection Bands

Please click here for a chart of the Federal Reserve’s balance sheet.

Note the following:

• The expectations in some non-momo circles were that Powell would finally wake up to the reality of the hard data and announce a taper in his Jackson Hole speech.  The momo crowd on the other hand believed that Powell would continue his ways of excessive money printing and ignore the data.
• Powell did not announce taper.
• What Powell does is critical to the stock market because money printing is a part of the air that is inflating the stock market bubble.