"In the Modern Market, when you have good news, the Market stays even, or goes down, because Wall Street's heads are wired differently than they used to be. In the old days, when there was good news, the Market went up. Nowadays, when there is good news, the Market goes down, because everybody thinks that Interest Rates will be immediately lifted to take care of potential Inflation. That means that, essentially, we can never have a Great Market again."
"He also said he wants the next Fed Chair who replaces Jerome Powell to lower interest rates if the market is doing well, not destroy the Market for no reason whatsoever. Trump has routinely lambasted Powell, whom he has branded as Jerome Too Late Powell for not moving quickly enough, in his view, to cut rates. He continued his Truth Social post by saying:"
Economic growth accelerated to a 4.3% annualized rate between July and September, surpassing forecasts. Major indices — the Nasdaq, S&P 500, and Dow Jones — were up about 0.30% at the same time. Modern market behavior often shows flat or falling prices after positive data because traders expect the Federal Reserve to raise interest rates to counter inflation. That dynamic makes prolonged market rallies unlikely unless interest rates remain low. Growth was credited to tariff policy, and expectations were expressed for further improvement in 2026. Calls were made for a Fed chair who would lower rates when markets are strong.
Read at www.mediaite.com
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