Hmmmm, fed raises rates.
Trump blasts the feds.
The MSM blasts Trump.
Stocks tumble.
Fed admits defeat and lowers rates - to help stocks.
And....if it works...whatcha gonna say, MSM idiots?
You all are journalists for a reason...math, even at an elementary level, is NOT your friend.
Stocks closed well off their session lows on Thursday after news broke that the Federal Reserve could tighten monetary policy at a slower pace than previously expected.
...
How can this be? The partisan media has already blamed Trump for the fall in the stock market.
You mean it was fear of the Fed all along?
I don’t recall that “keep stock market averages up” as being one of the Federal Reserve’s mandates?!? They have held rates far too low for too long. Well past time to normalize rates. But I am afraid that politicians will have too much pull with the Fed...normal rates on $22 trillion in debt will eat up a quarter of the Federal budget.
Mark Esposito?
Those who bought low are doing a happy dance.
The Fed fueled obamas “growth” through 8 years of near-zero interest rates. Once Trump unchained the economy, organic growth returned. The Fed was suddenly confronted with an economy they weren’t controlling, so they decided to put the brakes on a natural growing economy.
I was in a trade that went south at the exact moment the markets reversed and instantly knew this was the reason. Sure enough, infound out a few hours later, it was.
I believe the FED was trying to tamper with the election by driving the stock market down prior to election day. Now they are saying “oops, my bad.”
Who else thinks this rebound will not stick?