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Fed Chairman Powell gave us all an early Christmas present yesterday.

Updated: May 25, 2021

Rate change sends money into the market.

By Robert Warther, Warther Private Wealth

Trillions of dollars had been sidelined, waiting for a reason to be deployed. When Chairman Powell signaled that rate increases might stop sooner or happen more slowly, investors took advantage of the opening they needed to deploy assets.

Money poured into the market. Growth stocks, which have been beaten up over the last six weeks, showed the most appreciation to the new influx of cash, raising the DOW by over 600 points.

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Securities offered through Independence Capital Company, Member FINRA/SIPC, is a registered broker-dealer. Investment Advisory services offered through Warther Private Wealth, LLC, a Registered Investment Advisor ("RIA"), registered in the State of Ohio. Independence Capital Company, Inc and Warther Private Wealth are not affiliated. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. The information contained herein is based on sources we believe reliable but is not considered all-inclusive. Past performance is no guarantee of future results. Please contact your Financial Advisor with information regarding specific investments. Opinions are our current opinions only and are subject to change without notice. Generally, investments are NOT FDIC INSURED, NOT BANK GUARANTEED, and MAY LOSE VALUE.

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