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Payne's Perspective: August 5, 2019: Twin Winds

By Charles Payne, CEO & Principal Analyst

When everything seems to be going against you, remember that the airplane takes off against the wind, not with it.

-Henry Ford

Last week, the market struggled through its roughest week of 2019, as the twin winds of the Federal Reserve and the trade war swiftly shifted from tailwinds to headwinds. The stock market angst was evident all week into the Fed decision. While Jay Powell and company cut rates, his press conference revealed the human side, in the eyes of a man with presidential criticism and pressure.

While being human is only human, it can be dangerous when it might influence the Fed policy. The market also took a hit last week after President Trump announced the next round of tariffs on Chinese imports. The news caught Wall Street off guard at a time when traders and investors were trying to figure out what just happened at the Fed. The confluence of both the Fed policy and more tariffs, which were poised to be backburner issues, have once again become headlines and headwinds. The question for investors now is: can the market take off against these winds? 

Click here to read the full article.

Charles Payne
Wall Street Strategies


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