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Sometimes Bad News Is Just Bad News
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Sometimes Bad News Is Just Bad News

Markets rallied following Jerome Powell's comments this Wednesday. But this wasn't a case of bad news that the Fed would respond to by easing. In fact, it was just the opposite.

Quoth the Raven
Dec 17, 2021
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Sometimes Bad News Is Just Bad News
quoththeraven.substack.com

I felt like I couldn’t write this article fast enough yesterday when it appeared the Dow was going to open up over 200 points and Wednesday’s rally would continue.

But, alas, I got sidetracked and had to temporarily settle for a Tweet to timestamp my thoughts.

“Fading yesterday’s rally. At least for now, Powell is posturing like QE is over. While in the …

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