We've officially entered the fall season in the stock market, and Joy of the Trade Head Trader Jeff Zananiri already has his eye on two charts every investor needs to see…
You see, Federal Reserve Chair Jerome Powell recently went on TV and was extremely dovish on the prospects of any tightening of the economy.
He was super careful to detail that although the Fed would be buying less bonds, it wouldn't let it run off its balance sheet right away — which isn't exactly tapering. However, the stock market celebrated and the reinflation trade looks to be back on track. Now that the reinflation trade is gearing up to make some major moves, Jeff's also watching these charts to stay ahead of the game.
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