The Federal Reserve is actively making the economy worse.
WealthPress Senior Strategist Roger Scott and I have been talking for a while now about how the Fed has been doing a fantastic job of ignoring every warning sign the stock market has given about rising inflation.
So it was no surprise when Fed Chair Jerome Powell recently said the economy is at the point where it doesn't need much more support... Therefore, the central bank will likely start to withdraw some of its easy-money policies before 2022.
However, Powell of course doesn't see an interest rate hike happening anytime soon — must be because he's breaking his neck to turn a blind eye to the obvious inflation in the stock market right now.
The Fed's lack of reaction is telling of the stock market's future… and things ain't looking too bright...
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Traders are just a few clicks away from unearthing Wall Street's biggest weakness that has unlocked the chance for these kinds of overnight winners.
We're just a day away from officially entering the fall season in the stock market, and I've got my eye on two charts in September that every investor needs on their radar...
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