Powell Left the Punchbowl at the Party — and Spiked It

Hey Income Hunters,


In the good old days when the Fed would decide to shift from lowering rates to going neutral or raising them, the headlines would blare, “The Fed Has Remove the Punchbowl from the Party.” 


Well, today, we got the opposite today.


Not only did Federal Reserve Chairman Jerome “J-Pow” Powelll leave the punchbowl … 


He went out of his way to say the Fed will continue buying “at least” $80 billion Treasury securities and $40 billion mortgages per month.


Party on, dude!


I could tell J-Pow came charged up and ready for the Federal Open Market Committee (FOMC)  Q&A …


He was sharp and had a bit of attitude… 


Powell was sort of like Cuba Gooding Jr.’s character Rod Tidwell in Jerry McGuire today — except he was saying, “I’ll show YOU the money.”


And the market loved it …


As I have been saying, it’s all about the reflation trade, and now won’t hear from the Fed until the next FOMC meeting on April 28 — that’s six weeks to party like it’s the Roaring 2020s.


The Blue Wave Stocks Are Back …


And I think we will see new highs in the next couple of months …



Next We Have the Metals …


I also like Sandstorm Gold (Ticker: SAND), which I am going to buy, and will also add to Kinross Gold (Ticker: KGC) …



Lastly, Energy and Industrials …


I need to add a few more names here and will post a few possibilities in Saturday’s letter …


Bring it Home …

Two months with killer economic numbers and higher — but not too high — inflation …


I’m pushing forward, because if not now, when?


Just keep reminding yourself … 


Enjoy the punchbowl, and as always …


Live and Trade With Passion My Friends,


Griff


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