December 19, 2024

Hey, Ross here! This is how the market reacted as soon as Powell started talking. His cautious tone about future rate adjustments—after already cutting rates by 1%—wasn’t what investors wanted to hear. The result? The worst selloff since August 5 and a major spike in the VIX. But let’s not forget what happened after that August panic: a swift V-shaped recovery. Is a repeat guaranteed? Of course not—but the odds still look favorable. The key takeaway from this volatility? I break it all down today.