Stocks Hit Record As Market Cheers Jerome Powell’s Anti-Regulation Leanings

Stocks Hit Record As Market Cheers Jerome Powell’s Anti-Regulation Leanings

Clearly, the market is loving the notion that Jerome Powell is going to favor a rollback (or at least a rethink) of the post-crisis regulatory regime. Powell's exchange with Elizabeth Warren underscores the notion that the new Fed chair is generally aligned with the administration's stance, a stance that's been on full display this week as Trump moves in to commandeer the CFPB. As Bloomberg recounts, "one-minute volume in S&P 500 e-mini futures surged at 11:35 a.m., coinciding with the ra
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4 thoughts on “Stocks Hit Record As Market Cheers Jerome Powell’s Anti-Regulation Leanings

  1. Wells Fargo has been losing a lot of money and goodwill with customers and clients lately, pretty sure the answer is to legalize their behavior. That outta fix things.

  2. The small caps (IWM) are being used again and again to prop-up this manipulated (almost daily now) market. The bond market will be the grim reaper in the end, the vigilantes will eventually have their way as rates explode and we choke on our own debt. The everything bubble just keeps getting bigger and bigger.

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