“Investors, in the holiday spirit for yesterday’s CPI report, had their hopes dashed for a Santa Clause rally when Jerome Powell played Scrooge at the Fed meeting this afternoon,” she said, referring to the character from “A Christmas Carol.” “While the market had priced in a 50 basis point hike, and this is the highest rate in 15 years, Powell appeared as Scrooge and put coal in investors stockings with his hawkish tone.” Well, what did you expect? Not everyone can afford to drink eggnogs this year.
How much did the wealth manager lose? Powell is the investors nightmare. Powell is the traders dream. stop complaining. And learn to look at things from opportunistic viewpoint.
Mr. Jay Scrooge jackson-holed all investors (because I'm the FED!) well, at least he did what he said (he'd be more dovish with 50 points hike versus 75 points did you make money at around 14:40?