Wall Street is in a risk-on mood as it waits for Powell to deliver on the ‘Fed put’
Yesterday was the 96th anniversary of Black Monday, the day in 1929 when the Dow Jones index fell 13%. This began a period of chaotic selling that didn’t end until the stock market lost 89% of its value the following year, and the U.S. was plunged deep into the Great Depression. Today, markets couldn’t look…