iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
18,975 Blog Posts

Fed’s Powell In Afternoon Laugher of an Interview Says Fed Will “Substantially” Reduce Balance Sheet

It was a dry, humorous interview at the Economic Club of DC, which included gratuitous laughter and nonsensical reveals about Jerome Powell, such as his uncanny ability, bestowed upon him from birth, to automatically pronounce any word said to him backwards.

The Dow turned lower after Powell made those balance sheet comments.

Why is this a concern? Because it’s deflationary and, in theory, should hurt equity prices.

That being said, there is very change in bond and commodity markets. I’d like to see market go lower with some energy before initiating some short positions.

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8 comments

  1. bronze28

    Powell has a BIG FUCKING MOUTH THAT HE KEEPS PUTTING HIS SIZE 12 SHOES IN HIS MOUTH.

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  2. ferd

    Interesting about how much more currency is out there (buried in the back yard?). So the gov’t can pick up a couple $trillion when they issue the new dollar.

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  3. acehood

    Everyone and their mother wants to buy a dip here. Think about it.

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  4. og

    All dips getting bought. People don’t seem to care China is slowing anymore.

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  5. jbandy

    The monkeys are trained to buy stocks in January.

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  6. edge

    The Fed is overrated. But it livens up the markets.

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  7. MSGT HARTMAN

    Better Headline:

    DOW turns Higher And Continues To Climb After Fed Comments

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  8. tjnyt

    I was swimming naked, without shorts but ended up a 6% up day. Reduced long positions, still holding apa, bmy,ge,fb, aapl,fcx, nvda,rig,wdc. near the close bought a few spy 254 puts.

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