"Trump is certainly right, but in reality the Fed has been loco for many years...the Fed has been crazy enough to kill what made the markets functional, and beneficial to society. And that may well be exactly what Jay Powell is trying to repair..."
After plunging over 600 points just minutes earlier, the Dow Jones has surged higher by 400 points after the Washington Post reported that presidents Trump and Xi have agreed to meet next month at the G-20 summit.
"Bonds aren’t dead. Bonds are an important part of your portfolio. At 34X earnings for stocks, the last action a rational investor should take here is to dramatically reduce bond exposure to purchase stocks..."