Friend, U.S. Stocks Rise as Fed’s Powell Defends Monetary Policy | Tradinggods.net

[TradingGods.net Logo] ****Advertisement***** [Supercharge Your Profits From Small Stock Movements]( A small group of investors have been raking in money hand over fist following Jim Fink's simple advice. How much money? Well, it depends on the amount they put into each trade, of course. But considering his system has delivered 84.68% winners in the past 350 days, it's safe to say he may have minted a millionaire or two. [Here's how to get his next trade.]( *****Advertisement***** Dear Trading God Friend, Stocks jump on Friday following Powell’s speech. U.S. stocks advanced Friday, with the S&P 500 Index (NYSEARCA:SPY) approaching its first record high since January after Federal Reserve Chairman Jerome Powell defended the central bank’s decision to raise interest rates gradually. The large-cap S&P 500 Index rose 0.6% to 2,874.69, with most primary sectors contributing to the gains. The Dow Jones Industrial Average (NYSEARCA:DIA) climbed 133.37 points, or 0.5%, to 25,790.35. Meanwhile, the technology-driven Nasdaq Composite Index (NYSEARCA:QQQ) added 0.9% to close at 7,945.98. A measure of implied volatility known as the CBOE VIX (NYSEARCA:VXX) declined 2.9% to 12.05. The so-called “fear index” continues to trade well below the historic average, which is around 20. In prepared remarks at the annual Jackson Hole Symposium, the Fed’s Powell said the central bank is justified in normalizing monetary policy. "I see the current path of gradually raising interest rates as the [Federal Open Market Committee's] approach to taking seriously both of these risks," he said in prepared remarks. "As the most recent FOMC statement indicates, if the strong growth in income and jobs continues, further gradual increases in the target range for the federal funds rate will likely be appropriate," he said. On the data front, U.S. durable goods orders declined more than expected last month, raising fresh worries over a slowdown in factory production. Orders for manufactured goods meant to last three years or more declined 1.7% in July, the Department of Commerce reported. Analysts had called for a drop of 0.5%. Excluding transportation equipment, durable goods orders were up 0.2%. The Final Word: The Federal Reserve will likely raise interest rates further next month as policymakers look to prevent the market from overheating. According to Fed Fund futures prices, the central bank will likely also raise interest rates in December. *****Advertisement***** [When this Bubble Bursts...You Could Become Rich Beyond Your Wildest Dreams]( If history has taught us anything, it's that bubbles burst. But according to Harry Dent, "People don't recognize bubbles." And he warns "we're headed for a crash of epic proportions. We haven't seen anything like this since the 1930's." But the good news is that we're also heading towards the greatest profit opportunity of our lifetimes! And you can learn how to capitalize inside Harry's BRAND NEW book The Sale of a Lifetime: How the Great Bubble Burst of 2017 Can Make You Rich. [Order your copy now and prepare to take advantage of the most important wealth building opportunity of the last 90 years.]( *****Advertisement***** [Ridgeline Media Group LLC BBB Business Review]( Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to TradingGods.net [Disclaimer,]( [Terms of Use,]( [Privacy Policy]( before accessing or using this or any other publication by TradingGods.net or Ridgeline Media Group, LLC. Ridgeline Media Group, LLC does not endorse any products that may be advertised in this email. If you no longer wish to receive our emails, click the link below: [Unsubscribe]( Ridgeline Media Group LLC 70 SW Century Drive Suite 100-148 Bend, Oregon 97702 United States Media Group, LLC/html