Wall Street legend warns: “A new dawn is coming”

Fed Policy: The Dog That Didn't Bark

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Fed Policy: The Dog That Didn't Bark From Our Partners   Wall Street legend warns: "A new dawn is coming"   He called the Priceline collapse in 2012, the 2020 crash, and the 2022 bear market. Now he says a new dawn is coming to U.S. stocks. It's time to throw out the investment blueprint of the last decade and prepare for a massive shift. If you've lost money over the past two years, this changes everything. More here. Fed Policy: The Dog That Didn't Bark By John Persinos   In the Arthur Conan Doyle short story "Silver Blaze," Sherlock Holmes solves the case of a stolen horse because a dog in the stable didn't bark during the crime. He deduces that it was an inside job, performed by somebody the dog already knew. Doing nothing is sometimes the most meaningful act of all. Today, the Federal Reserve was the dog that didn't bark. In a surprise to no one, the Fed's policy-setting Federal Open Market Committee (FOMC) on Wednesday left the federal funds rate unchanged at a range of 5.25% to 5.50%. The decision was unanimous. The Fed's non-action on rates cheered investors and sent stocks sharply higher. In its official statement, the FOMC noted: "Tighter financial and credit conditions for households and businesses are likely to weigh on economic activity, hiring and inflation. The extent of these effects remains uncertain. The Committee remains highly attentive to inflation risks." In Fed-speak, the word "financial" seems to be a pointed reference to the economically deleterious effects of higher long-term bond yields, which in turn help obviate the need for policy rate hikes. The Fed signaled that it's leaving the door open to hike rates at its December meeting, but there are compelling reasons to believe that the central bank will start to cut interest rates by mid-2024. Read More... The Most Brain-Dead Simple Way to Make Money… On Earth   First, he turned $50,000 into $5.3 million… now watch as this legendary trader reveals how you can use his easy "profit window trick" to pinpoint trades that deliver gains of 116%... 137%... and even 227%... In weeks (not years). Click here for details. You are receiving this email at its028@gmail.com  as part of your subscription to Investing Daily. To ensure delivery directly to your inbox, please add postoffice@investingdaily.com to your address book today. Terms   |   Privacy   |  Unsubscribe   |   About Us    ©2023  Investing Daily 7600A Leesburg Pike, Suite 300 Falls Church, VA 22043 All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited.