momo crowd: This market is controlled by the momo momentum crowd, according to Market Watch. The momo crowd believes blue skies are ahead as far as they can see. But many investors are so caught up in their own opinions that they shut out the message. The message the stock market sent during Federal Reserve Chairman Jerome Powell's press conference Wednesday says that the market is vulnerable. Chart Please click here for an annotated chart of S&P 500 ETF SPY, 0.98% which represents the S&P 500 Index SPX, 0.96% Please note the following The chart shows that the stock market rose immediately after the Fed decision was announced. Let's explore the issue with the help of a chart.
(news.financializer.com). As
reported in the news.
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