
MOMO CROWD BUYING ON POWELL NOT BEING EXTRA HAWKISH AHEAD OF CPI
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know now. Powell Not Extra Hawkish 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 Powell spoke. In the Morning Capsule, we shared with you: The Fed is playing whac-a-mole with the momo crowd. The chart shows that the mole has popped back up again. Powell said, “…restoring price stability when inflation is high can require measures that are not popular in the short term as