Be absolutely certain you are prepared when Fed Chair J. Powell speaks
Aug 27, 2021Good morning!
Futures are up ahead of Fed Chair Jerome Powell’s widely anticipated remarks later this morning from the Jackson Hole virtual symposium.
Here’s my playbook.
1 – Be absolutely certain you are prepared when Fed Chair J. Powell speaks
The only thing that matters is how and when the Fed will exit from free money policies. There will be no middle ground. If the markets find his remarks reassuring, I suspect a bit of profit taking then another 5-8% higher. If he uses even remotely hawkish language or hints at accelerating the timetable, the markets will have a taper tantrum.
Be ABSOLUTELY CERTAIN you are prepared with profit targets and trailing stops. Have a shopping list at hand because the market may hand you a golden opportunity.
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Do you know what to do before Powell speaks?
I sent a special list of profit targets and trailing stops to the One Bar Ahead™ Family earlier this morning. Please check your email if you’re one of ‘em. If not, I’d love the opportunity to earn your trust, goodwill and business. You’ll be joining a family of savvy investors in 15+ countries who are building unstoppable wealth.
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2 – China’s next move could wipe out these stocks
China is reportedly mulling plans to ban data-heavy tech firms from listing in the United States. No surprise here. In fact, I told you this would be a logical next step months ago. China views data as a strategic asset worthy of national security.
Next up, China may force a delisting of existing companies trading in the United States. Companies like Alibaba (BABA), JD.com (JD), Didi Global (DIDI) are particularly at risk. Tencent (TCEHY) probably not so much.
3 – Companies that go out on price rarely recover
I wish I could say I am surprised. Peloton (PTON) is planning to slash prices again and reported wider than expected losses as pandemic demand lessens. Think twice if you own it.
This stock could skid to a halt in a hurry, pun intended.
4 – Your next iPhone will cost more in 2022
Taiwan Semiconductor Mfg Co (TSM) is going to increase prices by 10% for advanced chips and jack prices 20% for less advanced chips. Apple (AAPL) is a key customer. Chip prices are usually negotiated this time of year for deliveries the following year.
5 – Talk about a hot flight
Alphabet’s aerial delivery company, Wing, reports that it has delivered 10,000+ hot coffees and 1,200+ roast chickens over the past year … in Australia. It’s now approaching 100,000 deliveries.
UPS and Amazon are all working on similar services, but I think Amazon has the edge ultimately.
Bottom Line
There are lots of types of investments. Some will do you more harm than good.
Find the ones that work for YOU and move you toward YOUR goals!
I’ll be with you every step of the way.
Let’s finish the week strong!
Keith
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