Some close friends have been prepping for the Sept/Oct Collapse in the stock market.
I hearing of people going all cash.
If below info is true, this should be very stock market positive.
Current Fed Chair Jerome Powell is widely expected to be reappointed by the Biden administration this month.  “Private Equity” Powell is a former investment banker and partner at private equity firm Carlyle Group.
It should also push the Inflation narrative.
Should this then be positive for PM’s?
Gents, I welcome any and all opinions.
Cheers
R