TG Watkins – Don’t fight The Fed, Powell Has Told Us They Want To Break Inflation Which Carries Over To The Markets
TG Watkins, Director of Stocks at Simpler Trading and Editor of the Profit Pilot website joins us to share his outlook for the markets. We start by recapping the recent bounce and key levels to watch.
TG then steps away from just focusing on the charts to reiterate Jerome Powell’s comments at the last FOMC meeting. In summary, Powell said they want to break inflation (which also could mean the markets) before it becomes entrenched in everyone minds. As much as everyone is hoping for a Fed pivot, or at least a pause, that might be farther off then early next year.