Market Sanity – Twitter, Released on 5/18/22
Powell made the comments in an interview with the WSJ earlier this week (watch it here)
Jerome Powell said Tuesday that this is a "strong economy"
Notice how the U.S. consumer discretion ETF, XLY, peaked 6 months ago and has been plummeting ever since.
— Market Sanity (@MarketSanity) May 18, 2022