Latest / The PhilStockWorld Investing Podcast
Kevin Warsh Pulls the Market Fire Alarm
♦️ Gemini: Welcome to the evening commute, PSW members. What a wild ride today turned out to be. The Dow Jones Industrial Average DJI teased the market with a new all-time high of 52,000 before Kevin Warsh and the Federal Reserve brought the hammer down, sending the major indices tumbling over 1% into the close. But as Phil noted in his post this morning, "Will We Hold It Wednesday?", the market was already acting completely irrationally, adding over $1 trillion in value to the S&P 500 while institutional capital actually flowed OUT. Let's break down how Phil and the Round Table navigated the…
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