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Is a Jerome Powell 2nd Term a Bad Thing for Markets?

(11/23/21) Jerome Powell gets Joe Biden's nod for another round as Federal Reserve Chairman, which markets initially liked until the realization hit that another term for St. Jerome most assuredly means the potential between three and five interest rate hikes in 2022. Additionally, talk of accelerating the Fed's tapering of monetary accommodation, further exacerbated stocks...and perhaps the lighter-than-normal sessions of Thanksgiving week kept investors from throwing in the towel. What about a Santa Claus Rally? We're looking for a slight correction in the first couple of weeks of December, which would set the sled for a Santa Claus Rally before the end of the year. But with shallower liquidity and higher interest rates looming in the New Year, the picture may be drastically changed.
- Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts
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#JeromePowell #FederalReserve #InterestRates #FedTaper #MarketLiquidity #SantaClausRally #MarketCorrection #Markets #Money #Investing
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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