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What Happens After the Pullback

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Hey friend,

Despite the expected high volatility as Powell spoke, the final reaction was ultimately more muted than most would expect.

So let’s see how markets have been moving.

The Daily Direction

Note: Indexes closed mixed yesterday after Powell’s comments – but with no changes in any directions.

The Daily Nugget

The strongest stocks that will emerge from the pullback will likely be different than the ones going in.

Pullbacks tend to “reshuffle” the order of the pack…

Which is why the market leaders coming out of the pullback are rarely the same ones going into it.

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