THE STOCK MARKET LOSES ITS BID

The 'tourist explains the violent stock market decline and updates how he is playing the next move

According to Bloomberg, today’s loss in the S&P 500 was the worst decline on the day of a rate decision since 2001. Usually, I don’t think there is much value in rehashing the reasons for a move, but many are missing the reason for this violent surprise.

Some are blaming Powell. I heard talk about how it was the “worst performance since the bumbling peri…