I hope everyone in the Mid-Atlantic and Northeast are digging out of this late season snow storm. Warmer times are ahead. For Facebook, however, their ongoing storm has only worsened. And a new storm is now brewing in global markets as fears of a Trade War with China has led to sell-offs this week. “Trade War” will continue to be the buzzword of choice in the financial media so try not to get to bogged down in it.
New Fed Chair Powell presided over his first rate hike this week but what may be a more interesting thing to watch moving forward is it appears he will diverge from the philosophy of using models and forecasts and instead react to the current state of the economy.