Golden Ticket? China Relief? Fed Tightening Halt? January Effect? S&P 500 Surges In 2019

This is a syndicated repost courtesy of Confounded Interest. To view original, click here. Reposted with permission.

Central banks are like Willy Wonka to markets offering golden tickets.

We have the People’s Bank of China wildly expanding their repo purchases to stimulate their economy and have just announced massive investments.


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Then we have Trump administration officials \considering measures to roll back tariffs on Chinese products in order to calm financial markets, the Wall Street Journal reported, a report the Treasury Department quickly denied.

Then we have The Fed taking further rate hikes off the table. It sure looks like it!

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Then there is the January effect (not the January Jones effect) where stocks decline at the end of the year only to rise at the beginning of the next year.

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My bet is on Jerome Powell, The Fed’s own Willy Wonka spreading golden tickets to Wall Street.

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Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.

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