Trump Seeks Cuts and QE; Stocks, Bonds, Gold Reverse on Fed Press Conference.
On Powell's statements at the press conference stocks, the markets reversed. Yesterday, Trump blasted the Fed.
When Does the Tweet Storm Begin?
Not Yet, Just Howls From Yesterday
Transitory Inflation?
Declining Inflation?
Political Correctness
Stocks and Bonds Reverse
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The stock and bond markets did not react well to Powell's press conference.
5-Year Bond Reaction
Gold Reaction
Unhappy With Powell
- Stocks
- Bonds
- Gold
- Trump
An initial dovish-appearing statement reversed at the press conference.
Mike "Mish" Shedlock