We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
The Dow is currently down about 1,500 points from the day Trump signed the tax bill, almost exactly a year ago. That’s a decline of about 6% from this time last year. And in the meantime, the deficit has soared.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Fed’s Powell prevented a stock market crash by throwing red meat to the bearsThe stock market is giving Powell the thumbs down, says TheAroraReport. But could he be smarter than the rest of the gurus? TheAroraReport Prevented? Weird flex but ok. TheAroraReport TheAroraReport A “crash” by any other name...
Source: MarketWatch - 🏆 3. / 97 Read more »
3 reasons the stock-market selloff can’t be blamed on the Fed’s quantitative tighteningStrategists at RBC Capital Markets say the Fed’s balance sheet reduction shouldn’t take the blame for the slide in equities since October. It is premature to say the recent bond rally proves QT won’t lead to higher yields. This was a risk off trade. But its start CAN be blamed on Powell, who on 10/3 with Woodruff, said the Fed wasn't near neutral and may need to go beyond neutral to be 'restrictive'. Time stamp his interview - that was the market top. See around 7:50 mins on this video: Foolish error For every seller there is a buyer. I am waiting for the bargain basement prices before I start buying.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks slide as Fed's 2019 rates guidance disappointsAsian shares retreated on Thursday after the U.S. Federal Reserve raised rates, ...
Source: Reuters - 🏆 2. / 97 Read more »