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Fed this week ‘not reassuring,’ S&P 500 still in bear market

Fed this week ‘not reassuring,’ S&P 500 still in bear market

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Wapner: Have been you stunned by Fed’s dovish double-down on Wednesday?

Gundlach: I feel it’s important to be. I predicted they’d go from two hikes this yr to zero.5, and everybody informed me there was no manner they’d downgrade it that far. However they went even additional!

And what the heck is that “1 hike in 2020” factor about? It appears nearly determined.

Fed has gone from “we obtained this” to “we’ll get again to you”. Not reassuring.

Wapner: Do you continue to assume we’re in a bear market or has the Fed’s pivot (and double-down) modified the sport?

Gundlach – Sure to bear market. In 2007 the Fed went from “biased to tighten” to an “emergency ease” in just some weeks. The S&P celebrated with a push to basically a double high over the following a number of weeks.

This pivot from December’s hawkishness appears metaphorical to that interval.

Fed says oil down is a part of their motivation. Oil is up considerably from the December assembly.

Why will not they offer a purpose for this that’s not less than factually right?

Say Trump demanded it. Say you might be nervous about Europe, or China, or the yield curve, or retail gross sales, or GDP now.

However cease with the gaslighting.

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