What happens when Trump eventually fires Powell?

jessica_twt
04-18

He’ll probably replace him with a yes man like Bessent. My bet is the market would react, negatively, very negatively to the news.

Powell has handled inflation and covid decently well. Managed through Trumps first term and was re-elected by Biden even though Powell is a registered republican.

My prediction is it will be seen as massive loss in federal banking stability and result in a crash in DXY. DXY could go to 90 in first 24h and S&P to 4500 as foreign investors start trumping treasuries to get ahead of Turkey like chaos.

Further, we could also see increased selling of bonds and yields hitting 5%. We could see a double whammy of 08 like financial panic with tariffs induced geopolitical damage.

Market Down 3 Days! Valuations Too High: Would You Hedge?
U.S. stocks have fallen for three consecutive days, with all three major indexes giving back their post-Fed September meeting gains. Strong economic data has added uncertainty to the future rate-cut path, while tech giants continue to show weakness. 1. Do you think this is a healthy pullback? 2. Do you agree with Powell that U.S. equities are overvalued? 3. Can upcoming earnings season justify the current lofty valuations? 4. Would you choose to take some profits or fully hedge your portfolio?
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