Did Fed Chair Jerome Powell Drive a Dagger Through the Stock Market’s Heart With These 6 Words? Historical Data Backs Up His Claim.
Jerome Powell’s observation regarding equity valuations hits the nail on the head. In spite of some early-year volatility fueled by tariff-related uncertainty, it’s turned out to be a stellar year for investors. The widely followed S&P 500 (^GSPC -2.71%) has recorded 32 new all-time highs this year, as of the closing bell on Oct. 6,…