2min chapter

Forward Guidance cover image

The Powell Put Won't Save Stocks | Joseph Wang

Forward Guidance

CHAPTER

The Fed's Threshold for Pain

In December 2018, we saw that the Fed couldn't take whatever the max drawdown was 20, 25% in the SP500. Is it different this time? Can Fedger Powell and the senior folks at the Fed, do they have a, are they made of stronger stuff now? Because evaluations are so high, you know, at a 25% correction and we'd still be well, well above pre-COVID valuation.

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