Jerome Powell Deliberately Crushed the Market Rally -- Selloff to Continue?

Jerome Powell Deliberately Crushed the Market Rally -- Selloff to Continue?

Fed Chairman Jerome Powell spoke and the Stock Market on Friday reacted. Will the huge sell-off we saw on Friday continue in to next week? I give my thoughts on why Powell was so harsh in his recent speech.

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Finviz Heat Map
https://finviz.com/map.ashx

Powell warns of ‘some pain’ ahead as the Fed fights to bring down inflation
https://www.cnbc.com/2022/08/26/powell-warns-of-some-pain-ahead-as-fed-fights-to-lower-inflation.html

Federal Reserve Chairman Jerome Powell speaks at Jackson Hole — 8/26/2022
https://youtu.be/zJ3sEeArWlw

https://ycharts.com/indicators/us_inflation_rate

Federal Funds Effective Rate
https://fred.stlouisfed.org/series/FEDFUNDS

Unemployment Rate
https://fred.stlouisfed.org/series/UNRATE

Every branch of the military is struggling to make its 2022 recruiting goals, officials say
https://www.nbcnews.com/news/military/every-branch-us-military-struggling-meet-2022-recruiting-goals-officia-rcna35078

Lawmakers press Pentagon for answers as military recruiting crisis deepens
https://www.politico.com/news/2022/07/27/lawmakers-pentagon-military-recruiting-00048286

https://www.dfas.mil/Portals/98/Documents/militarymembers/militarymembers/pay-tables/2022%20Military%20Pay%20Tables.pdf?ver=eyZKK478XVelcSQoEG7xFA%3d%3d


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