Investors have been privy to several history-making moments this year, including record highs for the Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC), and the largest-ever initial public offering in Wall Street's history.
However, the biggest milestone of all might be the swearing-in of Kevin Warsh on May 22 as just the 17th head of the central bank.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
But President Donald Trump's handpicked successor to Jerome Powell became Fed chair at one of the most challenging times throughout history. The trailing 12-month inflation rate reached a three-year high of 4.2% in May, putting Warsh on a similar collision course with Trump over interest rates that his predecessor, Powell, often found himself on.
Thus far, President Trump has given Warsh a pass on direct criticism -- but the same can't be said of the Federal Open Market Committee (FOMC).
#powell #Trump
However, the biggest milestone of all might be the swearing-in of Kevin Warsh on May 22 as just the 17th head of the central bank.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
But President Donald Trump's handpicked successor to Jerome Powell became Fed chair at one of the most challenging times throughout history. The trailing 12-month inflation rate reached a three-year high of 4.2% in May, putting Warsh on a similar collision course with Trump over interest rates that his predecessor, Powell, often found himself on.
Thus far, President Trump has given Warsh a pass on direct criticism -- but the same can't be said of the Federal Open Market Committee (FOMC).
#powell #Trump
2 months ago
