Comment / Wednesday Bloody Wednesday

ID 4133735 © Leigh Prather | Dreamstime.com

A (fake) picture…

… worth more than a million words.

WHO. WOULD. HAVE. SAID.

The Christmas rally, untouchable until yesterday, with very few signs of fear in the market but then, you know, the markets “move hard and quickly when the ’herd’”, or Santa Claus, “leaves the building”.

While the immediate take from the FOMC meeting was that “Powell’s Fed appears headed for another collision with Trump“, as The New York Times wrote (ahead of the event), explaining…

… “sentiment” in the market…. as we ...