I checked the news wires on my trading system and there was no mention of it. So, not sure it’s really an earth mover.
A bigger deal is the huge sell off at the end of the day.
I suspect an ugly Monday after some nasty weekend news. But that’s a guess as valid as anyone’s. Just a hunch.
The rabid news folks may take some time to gear up to assaulting Trump on such scores. No mention is a bit curious. I called my banker. She talked mostly about the 2.2 trillion thing. I don’t think she’d heard about the Fed thing and she seemed to not quite grok what I read about it off the net.
I understand sell-offs at the end of a day can be dramatic.
Monday should certainly be interesting after all this—almost regardless.
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I am a long-term bull in the age of MAGA; but, it sure seems like the lows will be retested unless the ESF on steroids really has the horsepower by itself to break the back of the bear (which I doubt).