Surprise, Surprise. Stocks Say the Powell Put Lives
“The pattern seems clear, with the Fed prepared to
tighten only when stocks are outperforming, and feeling obliged to cut when
they do worse. Whether or not this is truly leading Powell and his colleagues,
the market assumes that it is. In market parlance, they believe there is a
“Powell Put.””Sick with Recession Fever, Investors Make Powell ‘Their Drug’
https://www.bloomberg.com/news/articles/2019-10-04/markets-caved-in-on-powell-last-year-today-he-is-their-drug