US Market Rally Continues
US Federal Reserve plus Market Sentiment
The markets liked what Powell had to say on 60 minutes.
US Federal Reserve Chairman Powell
Powell clearly stated that the FED has a lot more it can do. He is telling the world that there is no limit in how much the FED can print since it is all done digitally. The market believes him 100% with an SP 500 rally greater than 3% so far.
Market sentiment is also supportive of the overall market continuing to rally.
Two recent cases of such bearish readings: April 2013: The SP 500 rallied 17%. July 2010: The SP 500 rallies 18%.
How are you playing this stock market?
Disclosure: I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. The information provided should NOT be considered advice. The topics discussed are risky and have the potential to lose a substantial amount. I am not an investment professional and therefore do not offer individual financial advice. Please do your own research before investing.
Posted Using LeoFinance
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