
KUO SPOILS MOMO CROWD’S RALLY ATTEMPT AHEAD OF POWELL
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know now. Kuo Apple Comment Please click here for a chart of Nasdaq 100 ETF (QQQ). Note the following: The all important Powell speech is tomorrow. As is their pattern, the momo gurus have been promoting a narrative ahead of Powell’s speech to run up the stock market. Their narrative is that Powell would talk about slowing interest rate hikes. This narrative influences the momo crowd to buy stocks but not prudent investors. Prudent investors know that the Fed has already raised rates by a