The S&P 500 (SPY) was off to another great start in 2024. That was until Chairman Powell grabbed the mic at his January 31st press conference. And things went south in a hurry. Why is that? And what does that mean for stock investors in the days and weeks ahead? Investment expert Steve Reitmeister shares his views along with this top 13 trades in the commentary that follows below.
Stocks were merrily on their way towards a rendezvous with new all time highs at 5,000 before Fed Chairman Powell took the podium on Wednesday afternoon.