'They Blew It': Wall Street Reacts to Fed's Emergency Cut
The Federal Reserve’s shock interest-rate cut and bond-buying program rippled through global markets on Monday, with S&P 500 Index futures falling by the most allowed and Treasury yields plunging at the start of what promises to be another volatile week.
Early reaction to the Fed moves on Wall Street was mixed. Some said the measures will help stabilize jittery financial markets, while others warned that the central bank’s emergency actions risked adding to investor panic.
There was one refrain from across the spectrum, however: Policy makers the world over will have to roll out more monetary and fiscal stimulus to counter the economic fallout of the worsening coronavirus pandemic.
Here are some of the latest insights:
Blew It
Michael O’Rourke, chief market strategist at JonesTrading:
“They blew it. The Fed panicked and the market is spooked. The S&P 500 registered all time highs less than a month ago and the Fed has expended all its conventional and unconventional tools. The key takeaway will be that they have truly expended all of their ammunition and this is the action of a central bank that is scared.”
https://www.msn.com/en-us/money/markets/they-blew-it-wall-street-reacts-to-feds-emergency-cut/ar-BB11e8ip?li=BBnb7Kz
The markets don't like unpredictability. They're going to react this way until there's some stability. Expanded testing would be a step in the right direction.
= new reply since forum marked as read
and a vote of no confidence.
#newrostrong
Are people jumping from buildings yet 
