Ask Mish

Powell Put? I heard a story on the radio today while driving around, probably Bloomberg, that …

Powell Put? I heard a story on the radio today while driving around, probably Bloomberg, that suggested that the Fed would hold off on rate hikes if there was a drop in the equity markets. I thought this was a comment from GS or JPM. I can't find any reference to the comment tonight. My impression of the comment was that the Fed, through GS or JPM, was trying to deliver a message to the markets that they will hold up the equity markets, ie a Powell Put. Have you heard anything like this? Or, am I just imaging things? It spooked me. Thanks

9 Responses

  • SaratogaBob

    Dec 27, 2017

    Powell Put? I heard a story on the radio today while driving around, probably Bloomberg, that suggested that the Fed would hold off on rate hikes if there was a drop in the equity markets. I thought this was a comment from GS or JPM. I can't find any reference to the comment tonight. My impression of the comment was that the Fed, through GS or JPM, was trying to deliver a message to the markets that they will hold up the equity markets, ie a Powell Put. Have you heard anything like this? Or, am I just imaging things? It spooked me. Thanks

  • Mike Mish Shedlock

    Dec 27, 2017

    There was a Greenspan Put, a Bernanke PUT, and a Yellen PUT - We had a dotcom crash under Greenspan and a housing crash under Bernanke. Implied PUTs don't work when attitudes change.

  • SaratogaBob

    Dec 28, 2017

    Thanks

  • TFMKTS

    Dec 29, 2017

    Yellen made it through unscathed :) draghi too

  • Maximus_Minimus

    Jan 2, 2018

    While the above messieurs did not prevent a market crash, it didn't prevent them from royally screwing responsible, prudent people, either.

  • Staaycalm

    Jan 27, 2018

    Bottom 90% always comes out a little roughed up. Who will be their champion?

  • SaratogaBob

    Feb 9, 2018

    Some of the pundits were expecting the new Fed Chair to get "tested" soon after taking office.

  • SaratogaBob

    Feb 9, 2018

    Yesterday two Fed Govs were out talking, and they seemed to be holding the position that 3 or 4 rate hikes are still on the table despite the volatility in equities. Did anyone see any evidence that the Fed was meddling in the markets today? It was quite a bounce off the lows today.

  • ankit941

    Feb 15, 2018

    As we know in the series of the windows that http://mycomputerwindows10.com launched by the Microsoft everything stable at very perfect place and we can see the example in the form of the this pc.

  • mieshatate1

    Feb 24, 2018

    those shares had been paid by way of the authorities however do no longer get taken out of basic profits and the individual would be encouraged to allocate them on a yearly foundation. If a person does no longer allocate their shares https://www.aussieassignment.com/

Join the conversation at Mish Talk...