“Read books. Care about things. Get excited. Try not to be too down on yourself. Enjoy the ever present game of knowing.” – Hank Green

All about Powell today as he starts his two days in front on the House Financial Services Committee for the Semiannual Monetary Policy Report.

No change to what we discussed on Monday. Remember that the Fed is the only game in town now and that they will tell us what to expect on July 31st and therefore how to position. We can’t stress how important it is to listen to Powell and other FOMC Members… don’t make it harder than it should be.

Furthermore, don’t forget that we will be getting into full Earnings Season soon and this is another key piece of the puzzle, especially for our bigger picture view and the tactical positioning we have been discussing and detailing in video updates and live sessions.

Note for active 50Scouts members: *make sure you read out latest update* and keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too).

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For newer readers, it’s always worth catching up on our Trading Reflections post.

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Wishing you a great day ahead.