An important shift happened after Powell's comments.
Put plainly, professionals were buying stocks hand over fist on Wednesday, in what was very nearly a state of heated panic.
The market is likely going through a consolidation of the notable gains from the October lows
The track record of what Jerome Powell has done to this market each time he speaks is often forgotten.
What happened on Monday, was largely profit-taking, pin action related to a couple of large names, and defensive selling.
Here is my investment rationale.
One indicator is at a peak level seen only twice in the past two years.
These kind of names are in short supply in the current market.
Periods of economic weakness put into sharp focus those companies with reliable earnings streams, and in particular, reliable dividend streams.
Leading advisors present their favorite ideas that offer exposure to the precious metals mining space.