Fed Chairman Jerome Powell is learning on the job. He did not repeat the mistake he made at his July press conference, when he said some things that the markets interpreted as signs that the Fed was wavering in its commitment to fight the crisis. inflation. The SPX Fellowship, -2.50% took the same interpretation of …
Opinion: How Powell strayed from the Fed’s dovish message and sent markets tumbling Read More »
The official definition of a bear market is a decline of 20% or more from an index’s previous peak. Thus, the three main American stock market indices — the Nasdaq COMP, +1.29%, the S&P 500 SPX, +1.45% and the Dow Jones Industrial Average DJIA, +1.41% – are currently all in a bear market. According to …
Don’t assume the worst is over, says investor Larry McDonald. There is talk of a pivot in Federal Reserve policy as interest rates rise rapidly and stocks continue to fall. Both can continue. McDonald, founder of The Bear Traps Report and author of “A Colossal Failure of Common Sense,” which describes the 2008 bankruptcy of …
