Let’s put the recent 12% downward blip into perspective: It started from record valuations, higher than 1929 and 2000. At the probable peak of the most extended business cycle ever. The downside risk is substantial.

Fed Chair Powell Issues Statement To Calm Crashing Markets, Fails

“The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our tools and act as appropriate to support the economy.”

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