Friend U.S. Stocks Finish Higher Ahead of Powell Testimony | Tradinggods.net

[TradingGods.net Logo]     ****Advertisement*****   [How to Retire Starting With $20]( Bill O'Reilly and a legendary stock picker just revealed the only way to retire rich starting with $20. [Details here.](    *****Advertisement*****   Dear Trading God Friend,  Stocks settle mostly higher as attention shifts to Fed Chair Jerome Powell. The U.S. stock market finished mostly higher on Tuesday, as investors awaited the first round of congressional testimony from Federal Reserve Chairman Jerome Powell.  The Dow Jones Industrial Average (DIA) pared losses to settle flat at 27,691.49.  The broad S&P 500 Index (SPY) of large-cap stocks was back at record highs, gaining 0.2% to 3,091.84. Gains were primarily concentrated in healthcare stocks. On the opposite side of the ledger, energy shares declined sharply.  Meanwhile, the technology-focused Nasdaq Composite Index (QQQ) jumped 0.3% to 8,486.09.  A measure of 30-day volatility known as the CBOE VIX (VXX) edged slightly higher on Tuesday, but remains well below the historic average. The so-called "fear index" briefly traded above 13.00 before consolidating slightly lower. VIX would eventually settle up 0.6% at 12.76 on a scale of 1-100 where 20 represents the historic average.  Fed Chair Jerome Powell will testify before the Joint Economic Committee on Wednesday, where he is expected to comment on monetary policy and the economy. He will report to the House Committee on the Budget the following morning.  Under Powell, the Federal Reserve hiked interest rates in 2018, paused in the first half of 2019 and then reverted to cutting rates during the last three meetings. Fed Fund futures prices suggest the U.S. central bank could be done tinkering with monetary policy until next year.  The Final Word: Powell's testimony kicks off a highly active back-half of the week. Reports on consumer inflation, producer prices, retail sales and industrial production will headline the economic calendar in the second half of the week.   We'll talk soon,  Dan  Dan The Trading God      *****Advertisement*****   [Take a Look at This Strange Device]( Lynchpin DeviceIt can fit in the palm of your hand... Weighs less than a can of soup... And uses less energy than a night light. But it could change EVERYTHING. [Discover its astonishing power now...](  *****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