Curious. Powell is blathering as if his mind is preoccupied and stunned. What kind of pharmaceutical is he taking? Did he just get unwelcome news from his doctor or something? He really seems unfocused.
There is a traditional year-end strategy of selling poorly-performing stocks to get the tax advantages. Do you see that factored into this market sell-off, or do you think the market tanking is almost all Powell’s fault?
I don’t really look at the market technicals that way. That’s a micro-economic analysis and my focus tends to be more on the macro side of things.
However, given that the timing of the plunge lines up almost exactly with the press conference, it seems unlikely there were any other catalysts to yesterday’s market behaviors. Wall Street hocked up a hairball as soon as Powell started talking. The natural inference is they didn’t like what he said.
Y'all know the media cut Powell's closing statement from his presser, right?
Here it is:
https://x.com/alifarhat79/status/1869457880526790970
:)
Curious. Powell is blathering as if his mind is preoccupied and stunned. What kind of pharmaceutical is he taking? Did he just get unwelcome news from his doctor or something? He really seems unfocused.
In any case, just end the Fed already!
That’s how he talks. That’s normal for him.
Wow- then he IS just a blithering idiot!
There is a traditional year-end strategy of selling poorly-performing stocks to get the tax advantages. Do you see that factored into this market sell-off, or do you think the market tanking is almost all Powell’s fault?
I don’t really look at the market technicals that way. That’s a micro-economic analysis and my focus tends to be more on the macro side of things.
However, given that the timing of the plunge lines up almost exactly with the press conference, it seems unlikely there were any other catalysts to yesterday’s market behaviors. Wall Street hocked up a hairball as soon as Powell started talking. The natural inference is they didn’t like what he said.
“Wall Street hocked up a hairball” - you are a true delight, Peter, in addition to being consistently the smartest guy in the room. Thank you.
Yeah, thanks for that Christmas gift, Powell, Jerk!