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Why the Fed Panicked in December

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“Why the Fed Panicked in December”
by Phoenix Capital
“The economy has completely fallen off a cliff. The Atlanta Fed’s GDP Now metric which tracks economic growth in real-time has collapsed to 0.2%… as in barely above zero.
This is why the Fed panicked in December and began desperately trying to prop the markets up. It’s also why corporate insiders, the people who know more about their company’s prospects than anyone, sold their stock in record amounts over the last few months.
Indeed, the stock market telling us that the bull market is OVER. The fact is that the long-term monthly S&P 500 chart shows a CLEAR rejection at its former bull market trend line. There’s really not much but air between here and 2,050 or so on the S&P 500.
That’s a 25% drop from here… so we’re talking about a literal CRASH.”



Source: http://coyoteprime-runningcauseicantfly.blogspot.com/2019/03/why-fed-panicked-in-december.html

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