JohnnyHO
04-19

It was Trump who installed Jerome Powell as Fed chairman during his last term, Biden merely renominated Powell for continuation sake in the financial market.

Sacking a Fed chairman is unheard of, believe it is unconstitutional but recently there are rumours saying POTUS might just have the power to do so?

If that happens, financial market will instantly face a initial sell off due to the chaos created but treasury yield will come off with the appointment of a "yes man" to Trump.

Long term though, FED would lose all credibility if this really happens.

Market Down 3 Days! Valuations Too High: Would You Hedge?
U.S. stocks have fallen for three consecutive days, with all three major indexes giving back their post-Fed September meeting gains. Strong economic data has added uncertainty to the future rate-cut path, while tech giants continue to show weakness. 1. Do you think this is a healthy pullback? 2. Do you agree with Powell that U.S. equities are overvalued? 3. Can upcoming earnings season justify the current lofty valuations? 4. Would you choose to take some profits or fully hedge your portfolio?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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