FYI: Fed Chairman delivered dovish commentary in front of Congress – and the market went up. If you want to simplify the week that was what it was all about. At some point something other than the Federal Reserve is going to ease will matter but it hasn’t for a few weeks now, and until then – that is really all the market cares about. Keep in mind other central banks are joining the party and investors have been trained to get out of the way of betting against the central bankers.
Regards,
Ted
https://www.stocktrader.com/2019/07/15/weekly-stock-market-recap-jul-14th-2019/
