The Powell Wish List
All eyes have been on Jerome Powell and what the FED will do versus inflation.
The easy answer would be who knows.
Thinking about it for a few minutes gave me pause and allowed me to come up with Jerome’s probable Top 9 Wish list in order of his values.
- Avoid a Recession..
- Avoid a Market Crash..
- Avoid a sharp drop in employment..
- Stabilize Prices..
- Stop Hyper inflation..
- Embrace equality..
In the meantime….
SPX 4444 still looms as a big number in terms of where the market is headed. At the moment it is a resistance level, but a close over it will point to further gains. Until then I remain a modest Bull, no leverage, and concentrating in the beaten-up areas, technology and its use in climate change related endeavors are my focus.
At the moment it seems that market buyers have been pushing into mining and agriculture with a commodity focus, but my view is that the short term will see the commodity area settling back a bit, no crash, just not number 1.