Stocks Have Broken the Rising Wedge… What’s Next?

The Fed is sending out its shills this morning.

The markets were hoping for a rate cut or some kind of monetary easing from the Fed on Wednesday. The Fed didn’t deliver. And the markets are having a bit of a tantrum.

Oil, which lead to the upside on this rally, has broken its bull market trendline.

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Stocks are following suit, breaking a bearish rising wedge formation.

The Fed needs to get a lid on this as fast as possible. As I noted yesterday, stocks have rallied based on hope for economic growth and additional liquidity/ easing from the Fed.

Neither of those have shown up yet.

Few things are as dangerous as a stock market that rallied hard only to be disappointed… which is why the Fed is sending out multiple shills today to try to soothe stocks with verbal interventions.

They better work, because there is a massive airpocket below this rally if things don’t hold up.

The markets are in for a big surprise…

And when that surprise hits, it’s going to be too late for investors who weren’t paying attention. While everyone was distracted by the stock market, the Fed has been implementing plans to completely annihilate capital once the next downturn hits.

Did you know the Fed is reviewing monetary policies so extreme that it didn’t use them during the 2008 crisis?

Did you know the IMF is calling for nations around the world to introduce a wealth tax of 10% on NET WEALTH as soon as possible?

It’s all part of a nefarious plan the elites have been implementing for years.

Indeed, we’ve uncovered a secret document outlining how the Fed plans to both seize and STEAL savings during the next crisis/ recession.

Written by a top Fed official, it reveals precisely what the Fed has in store for your savings and your stock portfolio. Buckle up… because it’s some of the most horrifying stuff I’ve ever seen.

We detail this paper and outline three investment strategies you can implement right now to protect your capital from the Fed’s sinister plan in our Special Report The Great Global Wealth Grab.

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Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

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