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The Federal Reserve and its chairman, its various and sundry governors, presidents, and number-crunchers are (in)famous for… not really saying much when it actually counts. Yesterday, for instance, Chairman Powell said… nothing new or unexpected or particularly useful: Rates aren’t getting cut anytime soon, they’re going to stay the same. We knew that.
But when we read between the lines of “rates aren’t getting cut anytime soon, they’re going to stay the same,” quite a few things become clear. I think a non-statement like this actually makes a great case for focusing on non-cyclical and non-discretionary equities. Likewise, we can avoid or even fade the discretionaries. Hear me out – this video will be new and useful for folks looking to cash in despite the central bank…
