“Nothing Goes to Heck in a Straight Line,” Not Even Stocks Today

by Wolf Richter
Wolf Street

Wow, what a day, what a week, what a 15-minute spike at the end!

OK, all kinds of things were going on today. First, in mid-plunge this afternoon, the Fed came out and said it’s going to print antibodies or something. To soothe the rattled nerves of the Wall Street crybabies on TV, as the worst weekly sell-off in stocks since 2008 was heating up, Fed Chair Jerome Powell released a one-paragraph Fed-speak statement Friday afternoon (in full):

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