Hey, Ross here:
You all know my general feelings about “Big Mouth” Powell…
Who, when he speaks today at the post-Fed meeting press conference, could very well put a huge damper on this rally.
The good news is that, based on the data – he probably won’t have to do that.
Chart of the Day
Here’s a chart from Bloomberg showing how inflation has significantly moderated – WITHOUT adversely affecting the unemployment rate.
You can bet that economists will debate the causes and reasons behind this phenomenon for years to come…
But as traders, what’s of greater interest to us is what it means for the stock market.
The Fed’s narrative could be shifting from “higher for longer” to “higher for long enough”…
And that’s good news for us traders.
Insight of the Day
A shift in the Fed narrative could bring in big portion of the nearly $6 trillion in cash on the sidelines back on the market.
Yesterday I told you about the nearly $6 trillion parked in money market funds – the “sideline cash” that could kick off the new bull market.
Today could signal a shift in the Fed’s narrative from “higher for longer” to “higher for long enough”…
Something that could trigger investors to move a lot of that “sideline cash” back into the market and send stocks even higher.
That won’t happen immediately…
But it’ll happen faster than most expect…
Which is why if you want to reap the most gains out of the new bull market – you need to get in position now.
That’s why tomorrow at 9 a.m. Eastern…
I’m going LIVE for my weekly session with my Live Action War Room members, where I’ll be analyzing the market and uncovering opportunities in REAL TIME.
Tomorrow’s session will be especially valuable given the Fed concludes its monetary policy meeting today.
So, if you want in on tomorrow’s Live Action War Room session…
Just click here to get all the details (you’ll also get the name of my #1 AI stock)…
And I’ll see you at 9 a.m. ET tomorrow.
Embrace the surge,
Ross Givens
Editor, Stock Surge Daily
