THE FED’S POWELL PREVENTED A STOCK MARKET CRASH BY THROWING RED MEAT TO THE BEARS $AAPL $AMZN $NFLX $NVDA $FB $AMD $JNJ $QQQ $SPY $IWM $DJIA
Federal Reserve Chairman Jerome Powell is being universally criticized for what he had to say in the press conference after the release of the central bank’s policy statement. The stock market is giving Powell the thumbs down. But could he be smarter than the rest of the gurus? Let’s explore with the help of a chart.
Chart
Please click here for an annotated chart of S&P 500 ETF SPY. Similar conclusions can be drawn from the charts of the Dow Jones Industrial Average DJIA, Nasdaq 100 ETF QQQ and small-cap ETF IWM. Please note the following from the chart:
• The market fell on the release of the Fed statement.… Please click here or the title below to read more.
December 20, 2018