Powell Could Spoil The Fun As Stocks Coil Near All-Time Highs

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We’re seeing some powerful sector rotation just under the surface of the market… There are huge opportunities to profit now in energy, basic materials, the industrials, and consumer staples. That’s the good news.

The perhaps not-so-great news is that we’re now seeing the kind of price action typically witnessed in the later stages of the equity market cycle. That means we might be getting closer to the end of it all.

And just to make it interesting, Fed Chair Jerome Powell and the FOMC will give remarks tomorrow afternoon. While no one is seriously betting on an imminent rate cut, an overly hawkish tone could throw a couple of swimming pools’ worth of cold water on the bulls. Let’s look at this from all the angles right here…

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