Powell Breaks The Market

by Tyler Durden
ZeroHedge.com
Wed, 12/19/2018

“Everything was awesome” and then Jay Powell said…

“The balance sheet is on auto pilot, we don’t see balance sheet runoff as creating problems”

And everything broke…

Overnight futures show hopeful buying – “surely The Fed will deliver and capitulate… for goodness sake, someone has to rescue my FANG portfolio!!??” – But The Fed did not – cutting their rate outlook by a mere one hike, with plenty still seeing 3 hikes ahead in 2019…

The Rest…HERE

This entry was posted on Wednesday, December 19th, 2018 at 5:13 pm and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.