I’LL TAKE THE FED PIVOT FOR $200 ALEX”.
Federal Reserve in abrupt policy reversal.
Livermore gains 38% to start Q1 2019.
First Quarter and YTD performance is off to an extremely strong start, adding to our solid 2018 gains. The Federal Reserve, after implementing nine consecutive interest rate rises and suggesting even more lie ahead, executed a complete pivot in February. Suddenly, new Chairman Jay Powell sees a slowing global economy and slams the brakes on the up-trending dot plot.
The FED has essentially and unequivocally stopped dead in its tracks and threw gasoline to