Jinx: Fed Chairman’s History of Rate Decisions Looms Over the S&P 500
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By CCN: It’s easy to see why the stock market-obsessed presidency of Donald Trump doesn’t like what Jerome Powell is doing. The Federal Reserve chairman has hurt the performance of the S&P 500 in all but one rate decision, as the following tweet by CNBC’s Bob Pisani demonstrates: S&P 500 on Fed Days (under Powell) $SPY @federalreserve 3/21/18: down 0.2% 5/2/18: down 0.7% 6/13/18: down 0.4% 8/1/18: down 0.1% 9/26/18: down 0.3% 11/8/18: down 0.3% 12/19/18: down 1.5% 1/30/19: up 1.6% 3/20/19: down 0.3% — Bob Pisani (@BobPisani) May 1, 2019 Powell’s Hawkishness Has Mainly Hurt the S&P 500 on
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