Did Powell Just End the Bull Run?

Vindication. That was the word on my mind this morning as I read the latest statement from Fed Chairman Jerome Powell.

November 30, 2021 1:20PM JUST ISSUED - TESLA "BUY ALERT" Heads up -- we just issued this buy alert for TESLA. Something is happening in this market that you need to be aware of. Please pay close attention to this. Go here for the details. Did Powell Just End the Bull Run? Vindication. That was the word on my mind this morning as I read the latest statement from Fed Chairman Jerome Powell. After over a year of insisting that high inflation was merely transitory, Powell finally said “uncle” today when he admitted that it was “time to retire the word transitory regarding inflation.” Powell continued, adding that the “threat of persistently higher inflation has grown.” Does that ring a bell to anyone? We’ve been arguing that high inflation would be a longer-term problem ever since Powell and Treasury Secretary Janet Yellen claimed it wouldn’t. Now, following month-after-month of sky-high inflation prints, Powell’s thrown in the towel. Yellen will probably capitulate also so as to provide the façade of a united front against runaway prices. I’d be more than happy to take a victory lap on this considering how much Powell, Yellen, the White House, and mainstream financial media have repeatedly balked at the notion of persistently high inflation. But it’s really nothing to feel good about. The fact that it took this long for the most powerful central bank in the world to finally “catch up” with rational investors should be seen as extremely demoralizing. (...continued below...) DON'T BUY (OR SELL) BITCOIN UNTIL... Before you buy or sell any Bitcoin, make sure you watch this 5 minute video that reveals... ...an unusual short-term trade that most people will completely miss. This is something you can do TODAY, but you must hurry before the opportunity disappears. Go here for all the details. These are the same people who control the US’s financial future. And they got inflation completely wrong. Even worse, it’s likely too late to course-correct without decimating the US economy. The market already shrieked at the notion of that this morning when Powell’s remarks initially hit the airwaves. Then, he followed up with a comment that shook bulls to their very core: “At this point, the economy is very strong and inflationary pressures are higher, and it is therefore appropriate in my view to consider wrapping up the taper of our asset purchases […] perhaps a few months sooner,” Powell said. “I expect that we will discuss that at our upcoming meeting.” All three major indexes sunk in response. The dollar soared, applying additional pressure to equities while gouging crypto and precious metals. The Dow officially entered “free fall” territory, dragging the S&P below last Friday’s low. Only the Nasdaq Composite remains within striking distance of its recent highs despite also tumbling. Analysts went into full panic mode as a result. (...continued below...) 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They may have done so had Powell not come to his senses this morning. Now, however, the taper timeline looks like it will shift forward. That’s delivered a veritable hammer blow to the market’s typically dependable seasonal trend. So, as we approach Christmas, beware of a fake “Santa rally” as dip-buyers flood back into stocks. Traders who exit in time could make out like bandits with some short-term gains, of course. But for the buy-and-hold crowd, it’s arguably never been more dangerous to be a passive investor. "Crypto Nerd": Don't Buy Bitcoin - Buy THIS Instead This reclusive "crypto nerd" known for his uncanny ability to spot the hottest growth trends in crypto recently revealed the name and ticker symbol of one of his top buys for the next 12 months. It's part of a new "next gen" crypto wave that he believes is much more important - and potentially much more lucrative than Bitcoin. Go here for all the details. 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