Kevin McCullough Show - Fed Chairman Powell Set to Speak Before Congress
Show Notes:
- National tragedies such as the Florida school shooting tend to overshadow economic developments understandably.
- Corporate buybacks of stocks are already more than double what they were last year.
- This means individual shareholders are selling, not buying stocks. Looks to indicate the end of the rally.
- Fed chairman Powell is set to speak before Congress. Expected to talk about the Fed unwinding their balance sheet and how the market is or is not able to absord the pressure of the unwinding. He is also expected to criticize Congress for their unsustainable overspending.
- For more including information on how to get the newest Financial Survival Guide, listen to the interview.