Nov. 4, 2021

Three Stumbles And A Fall.

Three Stumbles And A Fall.

With all the hoopla yesterday, it's easy to forget what really happened. There were, after all, new highs for all the major indexes and averages. If I recall correctly that puts us at well over 50 new highs this year.
There was also the masterful orches...


With all the hoopla yesterday, it's easy to forget what really happened. There were, after all, new highs for all the major indexes and averages. If I recall correctly that puts us at well over 50 new highs this year.

There was also the masterful orchestration of a new policy direction for the Federal Reserve. As I commented yesterday, it was a well-made sale. As Jerome Powell and the rest of the members of the Fed had for weeks now prepared us for yesterday's decision.