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'Pivoting' Jay Powell Explain How The Fed Never Saw This Slowdown Coming
Remember early December? The Fed was excitedly projecting multiple rate-hikes, a strong economy, resurgent inflation and "Buy Stocks, Sell Bonds" was the hidden message from behind the curtain
And then - all of a sudden - stocks crashed, bond yields tumbled and Jay Powell and his Fed followers pivoted more aggressively than any Fed in history - gushing a narrative that prompter the market to explode
So the question is, dear Mr.Powell, who do you think is right? The bond market (with its weak growth outlook and forward-priced low rates for longer) or the stock market (resurgent on multiple expansion in the face of collapsing earnings and macro data?)…
rest at link with video
https://www.zerohedge.com/news/2019-03-20/watch-live-pivoting-jay-powell-explain-how-fed-never-saw-slowdown-coming
https://www.marketwatch.com/investing/bond/tmubmusd10y?countrycode=bx
https://www.marketwatch.com/investing/index/dxy
https://www.kitco.com/charts/livegold.html
I don't even have that much I I put four fuggin' full FRB panels in too