INSUBCONTINENT EXCLUSIVE:
lurch toward a bear market.
Word President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell was going down poorly
Most investors saw the prospect as ill-advised meddling that could sow more agitation in a stock market that just had its worst week in
DeGreen Capital Management LLC in Scottsdale, Arizona
unanimous that firing Powell would have grave implications in the long term, of more immediate interest was the impact of another Trump soap
opera on already hair-trigger markets that reopen Sunday in New York
Volatility in US equities surged to a 10-month high on Friday and US exchanges just reported the heaviest two-day volume since 2011.
Given
Betting on minute-to-minute swings has been a good way to go broke recently, with up-and-down moves in the Dow averaging around 700 points
months of stock tumult, according to four people familiar with the matter
president about the matter and included a statement he said came from Trump
Nick Sargen, chief economist with Fort Washington Investment Advisors
unnerving markets, analysts also acknowledged that Powell is unlikely to win any popularity contests among traders right now
His program of pushing up borrowing costs even as inflation expectations ease is blamed for exacerbating and even causing the meltdown in
Composite Index became the biggest US equity gauge to enter a bear market since the financial crisis
The Federal Open Market Committee raised interest rates for the fourth time this year on Wednesday and Powell downplayed the role of market
turbulence in setting policy, disappointing bulls who hoped for broader acknowledgement of their plight.
While oversold markets could easily
extends to him or her, but the rules around firing the leader are legally ambiguous, as Peter Conti-Brown of the University of Pennsylvania
