US stocks nosedive as Trump harangues Powell
Chief Investment Officer Stuart Katz was quoted in Reuters discussing market volatility following President Trump’s comments about Fed Chair Powell. “President Trump’s threat to fire Fed Chair Powell adds a new vector of uncertainty to the mix,” said Katz. “Right now, the market is feeling its way through the dark and doesn’t know quite how […]
So Wrong – April 22, 2025
Good morning, An unplanned Morning Note this morning. I got yesterday perfectly wrong. It’s difficult to build in expectations of more self-destructive behavior, and yesterday’s White House social media rant against the Fed Chair is just unadulterated self-destruction. Stocks, the dollar, and longer-dated Treasuries fell yesterday. After rallying +1% in the final minutes of the […]