The Latest Breaking News from Powell

Good Morning Everyone! Remember, no one gets rich panic selling.

Will Gold Survive Another Jumbo Rate Hike? The key FOMC meeting ends soon. One thing is certain: after this event, the gold market won’t be the same. The Fed’s Projection Will Be Key for Gold

  Gold Sees Light at the End of the Fed’s Tightening Tunnel The FOMC hiked rates by 75 basis points in July. However, the recession drums are getting louder, and gold likes such music.

U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping more than 100 points on Monday.

U.S. stocks traded lower this morning, with the Dow Jones dropping more than 200 points on Monday.

Every article I saw today on Fed Chair Powell’s speech at Jackson Hole focused on the idea that raising rates will cause “pain” to the economy. This sparked a nasty -3.37% scalping of the S&P 500 (SPY) and having investors pondering if we are about to revisit the June lows.…

U.S. stocks extended losses toward the end trading, with the Dow Jones dropping more than 700 points on Friday.

U.S. stocks extended losses midway through trading, with the Nasdaq Composite dropping over 300 points on Friday.

Usually, Thursdays are a great day for commentaries, because Fridays tend to be low-volatility and volume days. Occasionally, this isn’t the case like today for instance. Tomorrow, there is the inflation report and Chair Powell’s speech at Jackson Hole. Both of these are going to be major factors in determining…