Powell flip. It’s amazing what a loss in equity portfolios does for perceptions of “neutral”

Chart below is SPX.  When Powell said in an interview on October 3 that the Fed was a long way from neutral, stocks were near the highs.  The front WTI Crude Oil contract was over $76/bbl.  Now CLF is under $51/bbl.  Large declines in both of these markets caused the Fed to re-think it, and we’re now “just below neutral”.

• ABOUT:
  Former member of the CME specializing in interest rate options and yield curve strategies.

  The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results.