Mid-week market update: The S&P 500 achieved a fresh all-time high yesterday (Tuesday) and it touched 7000 today before retreating. President Trump posted about the event, did he jinx the market?
Probably not. The Fed presented the market with a number of potential surprises. In the end, the Fed decision and the subsequent press conference turned out to be a big yawn. We could have seen political fireworks surrounding the investigation, or the question of whether Powell will remain on the Board after the expiry of his chairmanship, but we didn't. Nor did we see Trump upstage the FOMC by announcing the selection of a new Fed Chair.
The full post can be found here.
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