We are at a crossroads. The stock market has done (as usual) what most people did not expect. The S&P 500 gained back most of what it lost on the Covid crash, closing last Friday (5/8/20) only off a little more than 13% from its February 20, all-time-high (3393.52). This is after the index had…
Tag: david tepper
The Double-Edged Sword of Damocles: Fed Action + Recession Fears
The combination of a fairly certain bump in the Fed funds rate this week and weakening commodity prices (oil in particular) are giving me a deja-vu moment. I almost titled this post “Here we go again.” It was just a bit over a year ago, after the first increase in interest rates in 9 years…