Thursday, October 1, 2015

It appears that the Fed is now done propping up markets as S&P 500 hits its Death Cross

It has been 10 days since the now famous Federal Reserve interest rate announcement, with the markets having reacted as if Janet Yellen had not said a word.  For in the past when the Fed spoke of raising interest rates, a decision to keep them near zero had always resulted in a new sweep of buying that brought the markets to new all-time highs.  But after equities reached their apex in back mid-May, more than 2000 points have dropped from the Dow index alone, and the S&P 500 on Sept. 28 crossed down below the dreaded Death Cross which may have signaled that the central bank ‘Yellen Put’ may have finally ended in the bank’s policy of propping up stocks.


Read more on this article here...

0 comments:

Post a Comment