You Can't Make This Stuff UP.
I have NEVER seen a Fed Chair basically punch the President in the Face. In return, POTUS claimed Chairman Powell was Enemy #2, next to China's Chairman XI, who is n ow Enemy #1. Bad. Crazy. Giving investors a wild ride.
All I can say is that my current portfolios have a lot of cash. Waiting for a day when it seems the worst of political and recessionary threats are behind us. So, watch from the bleachers, take a walk. Spend time doing something that makes your heart sing.
And, stay tuned. This image is a "heat map" that shows what the stocks in the S & P are doing, as of noon.