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 threw cold water on moro gurus’ narrative.
October 30, 2025