Another Billionaire Investment Guro Takes Issue with this Incomprehensible Price Action, CNBC Reports




Only 4 days ago, Jerome Powell was warning of what he coined ‘significant downside risks‘ — yet even in light of this seemingly horrible news, as of 1:58pm, the market has still somehow managed to ink out another 900 points (+3.82%).

How is that even possible?

Typified by their careful language and subtle allusions whenever describing economic conditions — also known as ‘fed speak ‘ — the phrase ‘significant downside risks’ should obviously be considered very harsh language from a sitting Federal Reserve Chairman.

The market just posted its best month in 3 decades following the biggest sell off since the financial crisis of 2008, and a large portion of the country is still under quarantine..Some reports are even projecting that 25% of restaurants will never reopen ever again..

On top of all of that (there was already quite a bit of baggage in there already), analysts have been forecasting of Great Depression level unemployment figures for several weeks now…


What is going on here??



(Jay Powell, Yesterday, May.14th, 2020)
“While the economic response has been both timely and appropriately large, it may not be the final chapter, given that the path ahead is both highly uncertain and subject to significant downside risks”















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