On Friday, I wrote, “buckle up, the Fed is about to make a MAJOR announcement.
I wasn’t joking.
Stocks EXPLODED higher to new all-time highs on Friday when Fed Chair Jerome Powell stated that “shifting balance of risks may warrant adjusting policy” during his speech at the Kansas City Fed’s annual meeting in Jackson Hole, Wyoming.
Investors took this to mean that the Fed is finally ready to start cutting rates again… after sitting on its hands for the last eight months.
The S&P 500 staged its highest ever weekly close. There is NOTHING bearish about that.
Moreover, the rally was broad based in nature with even the equal weighted S&P 500 (each company receives 1/500th of the index’s weighting as opposed to the traditional S&P 500 which is HEAVILY weighted towards tech) closing at a new all-time high for the week.
The big question for investors now is whether this move is the REAL DEAL… or the mother of all head fakes due to traders misinterpreting what Fed Chair Jerome Powell ACTUALLY said.
I’ll detail what I think is REALLY happening in tomorrow’s article. In the meantime, I want to warn you that while Wall Street is cheering this move, our proprietary Crash indicator is signaling a major warning.
This signal caught the 1987 crash, the Tech Crash, the Great Financial Crisis and more. We detail this trigger, how it works, and what it’s saying about the markets today in How to Predict a Crash.
Normally we’d sell this report for $499, but in light of its recent warning, we’re making 99 copies available to the investing public.
To pick one up…
Graham Summers, MBA
Chief Market Strategist
Phoenix Capital Research
