SA Wall Street Breakfast: Did Powell Poke The Bear?

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SEEKING ALPHA writes: “Stocks fell across the globe overnight after the FOMC lifted interest rates for the fourth time this year, while Fed Chair Jerome Powell downplayed implications of market volatility and said the central bank would continue its balance-sheet runoff. The S&P 500 is now 14.5% below its Sept. 20 record high. Well over half of S&P 500 companies are also down by at least 20% from their 52-week highs and some segments of the market, including small-cap stocks, have already confirmed a bear move.”