{"id":40139,"date":"2018-11-04T18:26:40","date_gmt":"2018-11-04T23:26:40","guid":{"rendered":"http:\/\/olduvai.ca\/?p=40139"},"modified":"2018-11-04T18:26:40","modified_gmt":"2018-11-04T23:26:40","slug":"the-fed-crying-has-begun","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=40139","title":{"rendered":"The Fed Crying Has Begun"},"content":{"rendered":"

The Fed Crying Has Begun<\/a><\/h3>\n
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\"\"<\/a>So stocks dropped a little in October. Ok they actually dropped a lot and all of a sudden the S&P 500 was miles away from the all those optimistic 3,000+ year end targets. And what happens when stocks drop hard? Bulls cry for the Fed to come to the rescue.<\/p>\n

It was quite the scene.<\/p>\n

Here\u2019s the global market cap wiped off in just October:<\/p>\n

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$8 TRILLION. Poof. Gone. The largest drop since 2008.<\/p>\n

So it is no wonder the Fed begging has begun. From the president on down:<\/p>\n

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\u2714<\/b><\/span><\/span><\/div>\n<\/div>\n<\/div>\n
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\u201cIf the Fed backs off and starts talking a little more Dovish, I think we\u2019re going to be right back to our 2,800 to 2,900 target range that we\u2019ve had for the\u00a0S&P 500.\u201d Scott Wren, Wells Fargo.<\/p>\n

Jim Cramer: <\/strong><\/a>\u201cMy main fear is that we could have a mini version of 2008 if the Fed doesn\u2019t change course<\/strong>,\u201d the \u201cMad Money\u201d host said. \u201cOur one hope? If Fed chief Jerome Powell actually starts listening to the stock market<\/strong> and wakes up to the damage that tariffs can do to the economy, then maybe he\u2019ll shift gears, just like Greenspan did in \u201998. Then we can bottom and even roar higher.<\/strong> But as long as Powell stays committed<\/a><\/strong> to the December hike and three more next year, \u2026 and the president stays committed to expanding his tariffs, then history says we\u2019ve got more downside no matter what.\u201d<\/em><\/p>\n

Canaccord\u2019s Tony Dwyer:<\/strong><\/a>\u00a0\u201cFed needs to take its foot off the throat of the market<\/strong>.\u201d<\/em><\/p>\n

Bill Stone<\/strong><\/a> Avalon Advisors\u2019 co-chief investment officer:\u00a0\u201cThe one thing to watch is the Fed, the market is looking at the possibility of a policy error there<\/strong> \u2014 that they\u2019ll tighten too hard.\u201d<\/em><\/p>\n

Merrill Lynch\u2019s head of market strategy Joe Quinlan:<\/strong><\/a> \u201cThe current market rally has legs, as long as a hawkish Fed doesn\u2019t stop it\u201d<\/strong><\/em><\/p>\n

From the Financial Times<\/strong><\/a>:<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/article>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

The Fed Crying Has Begun So stocks dropped a little in October. Ok they actually dropped a lot and all of a sudden the S&P 500 was miles away from the all those optimistic 3,000+ year end targets. And what happens when stocks drop hard? Bulls cry for the Fed to come to the rescue. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[303,1849,431,16888,4191,534,22781,3650],"class_list":["post-40139","post","type-post","status-publish","format-standard","hentry","category-economics","tag-fed","tag-financial-markets","tag-interest-rates","tag-jerome-powell","tag-jim-cramer","tag-monetary-policy","tag-northman-trade","tag-us-federal-reserve"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40139"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40139\/revisions"}],"predecessor-version":[{"id":40141,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40139\/revisions\/40141"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}