
POWELL’S TESTIMONY CONFIRMS INVESTORS’ FEARS, BUT THEY DON’T WANT TO BELIEVE IT
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know now. Powell’s Testimony 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: Yesterday, we shared with you that investors were “buying the news” of Powell being hawkish on the first day of his congressional testimony. The chart shows that investors started the day optimistic and hoping that buying would continue during the second day of Powell’s testimony. The chart shows that investors’ hopes did not come true and there was a downdraft as






