POWELL ADMITS HE WAS WRONG – OBLIVIOUS MOMO FAILS AT THE RESISTANCE
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Powell Was Wrong
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:
- Powell will testify before the Senate Banking Committee today.
- In his prepared speech, Powell effectively admits the following,
- Powell admits that he was wrong about the causes of the recent rise in inflation.
- Powell admits that he was wrong about the length of the supply chain disruption.
- Powell admits that he was wrong about how long the inflation would last.
September 28, 2021