[…] Fed Chairman Powell did not meet the expectations of Wall Street in his speech and remarks today.
It is hard to imagine what he could have said to please them that would have been even mildly credible..
And so in a reset of interest rate, easy money thinking, nearly everything got sold.
Stocks took a breath-taking dive.
They managed to finish on the charts where they needed to finish.
It took on the characteristics of a liquidity event.
Gold miners seemed to fare a little better than silver miners, but most were sold.
I made money today in my trading account, despite some truly awesome and sudden swings in value during the day, up and down.