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Mark my words: Once J-Po leaves the stage, there’s nothing left but chop. Volatility is coming back in a big way.
Powell is basically saying the administration will drive more uncertainty, and that stagflation is a possibility. The market’s not going to take that well.
They’re already not taking it well – we got a big burst of buying as he started talking and by the close about a third of that had been wiped out.
Let’s take a look at how this is going to play out, and what we can do about it, on tonight’s charts…
