Previous Fed Chair and Stock Market (divided by CPI, to make it "real").
You can see how there is turmoil typically at the beginning of a new Central Bankers term.
Bernanke, not initially as he sat on top of a giant credit bubble that was set to pop.
Greenspan had the worst initial stock market performance, but Bernanke had the worst performance with a close tie to Arthur Burns (under Nixon-Ford-Carter in the inflationary late 1970's).
There is so much to learn from history that is often mis-taught and oversimplified in history books.
Yellen ended up the 2nd shortest term as a Federal Reserve Chairperson, 2nd to William Miller during Carter's tenure.
Conclusion: Looks like there is a wide variety of possibilities.
You can see how there is turmoil typically at the beginning of a new Central Bankers term.
Bernanke, not initially as he sat on top of a giant credit bubble that was set to pop.
Greenspan had the worst initial stock market performance, but Bernanke had the worst performance with a close tie to Arthur Burns (under Nixon-Ford-Carter in the inflationary late 1970's).
There is so much to learn from history that is often mis-taught and oversimplified in history books.
Yellen ended up the 2nd shortest term as a Federal Reserve Chairperson, 2nd to William Miller during Carter's tenure.
Conclusion: Looks like there is a wide variety of possibilities.
Commentaire:
It's May 31st and the market is tracing along right in the middle of the historical pattern.
Tim
5/31/2019 8:30AM EST
Tim
5/31/2019 8:30AM EST
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