by Graham Summers of Gains, Pains, & Capital
Let’s cut through the nonsense.
The only reason that stocks are rallying is because investors are hoping the Fed has reinstated its policy of inflating stocks…
However, HOPE is very different from reality. And the Fed hinting at halting its rate hikes and possibly altering the schedule of QT is VERY different from cutting rates and engaging in QE.
Put simply, a Fed that says it might be less hawkish is not a dovish Fed. And the markets know it, though stocks always “get it last.”
Bonds don’t buy this “risk on” move at all.
Oil just got off the “everything is fixed” train as well.
And stocks have now completed the formation that has determined price since the prior top.
And don’t forget..
The BIG PICTURE.
A Crash is coming…
On that note we just published a 21-page investment report titled Stock Market Crash Survival Guide.
In it, we outline precisely how the crash will unfold as well as which investments will perform best during a stock market crash.
Today is the last day this report will be available to the public. We extended the deadline based on yesterday’s sucker rally, but this it IT… no more extensions.
To pick up yours, swing by:
www.phoenixcapitalmarketing.com/stockmarketcrash.html
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research