By Nigam Arora & Dr. Natasha Arora
Please start out by reading the Morning Capsule for the background.
Powell Hawkish
Powell was hawkish and direct in his speech. Of special note is that he specifically mentioned the mistake of the 1970s that we have repeatedly written about. Powell’s speech was 100% in alignment with The Arora Report analysis that we have been sharing with you as to what the Fed should do.
Staring Powell Down
In the Capsules, we have been sharing with you to expect the momo crowd to buy stocks irrespective of what Powell says. That call has proven spot on. The momo crowd is staring Powell down by aggressively buying stocks even though Powell’s speech went 100% against what the momo crowd believes.
Smart Money
Where the stock market goes from here will come down to how smart money responds to Powell’s speech. If smart money starts aggressively selling, it will counterbalance momo crowd buying. If smart money stays inactive or is not aggressive in selling, expect momo crowd buying to run up the stock market.
So far smart money has started 🔒.
Protection Bands And What To Do Now
🔒
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Nigam Arora
Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing.

Dr. Natasha Arora
Dr. Natasha Arora has significant expertise in investment analysis especially biotech, healthcare, and technology. Natasha is a graduate of Harvard Medical School followed by a postdoc at MIT. She has published several peer reviewed research papers in top science journals.