Fed Chair Powell came out this morning and boosted the market on top of the HUGE Job Number of 300+k jobs. The market is rallying big time up 3+% currently.
Do not look past the TWO policy mistakes the Fed Chair madenin 2018. It is very clear that those impacts have caused Mr Market to react the way it did in Q4. The trimming of the balance sheet and raising rates in a slowing growth environment WAS NOT the right decision. Presently the market has gotten killed and Powell said some words to lift it off the mat. If you disagree