We thought Jerome Powell’s “Christmas Capitulation” would be tough to beat, but he accomplished that two days ago with what could be called his “Spring Surrender.” That, in turn, has rekindled hopes of a stock market melt-up along the lines of 1998-99, which, as old-timers will remember, followed a late-cycle correction that was nearly identical to the one seen last year.
Mar
22
2019
Partying Like It’s 1998-99
tags
Corrections Economy Growth Vs. Value Leadership Early Cyclicals Russell 2000 S&P 500 Russell 1000Login
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