FAST FIVE: Stocks Pump'n'Dump On Fed Financial Stability Fears
Powell said that the majority of the FOMC would need to have concluded that the monetary stance was fostering financial instability.
Did the market just warn Powell not to “meddle with the primary forces of nature…money!”.
Source: Bloomberg Bitcoin surged back above $11,000.
Source: Bloomberg WTI topped $40 after a surprise crude draw.
Back then, utility stocks led the way and raw-material producers trailed as a bear market got underway.