Whipsaw! Traders were whipsawed by the Fed yesterday as Chairman Powell pulled the plug on the rate-cut dance party. The Fed took center stage yesterday keeping rates unchanged but dashing hopes of a rate cut causing stocks and bonds to sell off late in the session. WHAT YOU NEED TO KNOW: 1) Fed Chairman Powell…
Month: May 2019
Signal or noise. Amidst a noisy day of varied information stocks closed mixed in yesterday’s session. Extreme beats and misses combined with mixed global economic news helped the Dow and S&P rally into the close after spending the day in red. WHAT YOU NEED TO KNOW: 1) Earnings still matter… really. In a period with…
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