by Jason Bodner
August 27,2024
“3,2,1… Lift-off!”
When I was a kid, I loved the hoopla around rocket launches. Imagine hurtling upward at up to 25,000 miles per hour – seven miles per second – the speed required for escape velocity.
The energy pent up in rocket fuel makes this happen, but nothing begins until we hear that countdown.
Investors have been waiting for forever to hear some sort of countdown leading to a “lift-off” for stocks.
Well, we just heard it… Fed Chair Powell just said: “the time has come for policy to adjust.”
Those are the sexiest words any stock investors could hear… the same as “lift-off” for rocket fans.
Stocks, especially small cap stocks, are set to explode higher. As I write this, just after Powell’s proclamation, markets are already zooming. This list shows small cap stocks rising the most:
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