Episode 128 - Robert Young: 7 FEB The Market & Economy - Last Weeks' Market Moves and Effect On Our Investments

07/02/2023 20 min
Episode 128 - Robert Young: 7 FEB The Market & Economy - Last Weeks' Market Moves and Effect On Our Investments

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Episode Synopsis

Friends,On Wednesday, our "Knight in Shining Armor" Brendan Pederson (reporter from "Punchbowl News") showed up to the post-FOMC meeting and asked one indirect simple question to Chairman Powell which triggered algorithms to react exactly as I had hoped as expressed in the 1 FEB audio. Not only did the Market's reaction significantly impact our investments and cause a re-organization of our positions, but it also brought in a surprise.Because the triggers for Friday's Market decline were bizarre, over the weekend, I tore both the Employment Report and Service PMI Report apart to find something fishy going on and believe you'll find the "facts" presented in both reports very interesting. Chairman Powell will speak today. If he says anything which can be interpreted as a potential "pause" in rate increases, we could see the Market climb 1% to 2%+ this week.You can tell it wants to. It just needs an excuse!Fingers Crossed,Robert

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