U.S. stocks and government bond yields slid Tuesday after the Federal Reserve’s interest-rate cut failed to assuage money managers fearful of the economic fallout from the coronavirus epidemic.
Markets were volatile after the Fed’s announcement. Stocks initially shot higher, propelling the Dow Jones Industrial Average up more than 300 points. But within 15 minutes, stocks’ initial gains gave way to jerky up-and-down trading action—with the blue-chip average and Treasury yields tumbling after Fed Chair Jerome Powell acknowledged...
Reversal to some degree today?
That worked out well.
If you believe this is Coronavirus fueled, I’ve got a bridge in Brooklyn I’d like to sell you.
Well duh....... the stock market decline is not a liquidity problem.
TrumpSlump it’s what happens when you don’t have a clue how to drive yet you fall asleep at the wheel anyway! WorstPresidentEver ImpeachTrumpAgain BeBest
Wow ! What a surprise that the Fed realizes a rate cut will have zero affect on the virus and leaves them no room to help the economy in the near future. There is no quick fix .
DaffyDonald Trump is so stupid. He is a life-long debtor so he wants to borrow $ at low rates. But who wants to buy US bonds at zero interest? The avg WORKING AMERICAN will now have NO ability to save for retirement - thanks to Trump pushing for lower rates. TrumpSlump TheFed
Not always the NYSE that gets put into
This typically happens following a Fed announcement. The market initially goes opposite what is logical. The big traders do this to gobble up the small fry.
This ponzi scheme economy is coming to an end
We warned you the House of cards would fall. trumptajmahaleconomy
the poor have little to lose, the rich everything.
Heaven forbid we have a major economic shock. Monetary policy is stretched thin and taxes can’t go any lower after trillion plus annual deficits following TCJA.
He's right. Not every problem is a nail.
Trump will blame the Media ... his attack on the media is his go-to ...
Dead cat bounce. This market is toast. stocks
It’s called: This administration continues telling us not to trust them.
That's what happens when you put a religious wingnut that denies evolution in charge of protecting us from an evolving virus. 🤷♀️
Time to buy?
It will rebound; quit stoking fear
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