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Dividend Harvesting Portfolio Week 134: $13400 Allocated ... - Seeking Alpha

The markets crumbled after Hurricane Powell as the S&P 500 finished down -2.93% and the Nasdaq fell -3.62% for the week. I am concerned that too many people are confusing the stock market and the economy. They are two completely different things, and the Fed isn't mandated to do what is best for the stock market. Their dual mandate consists of balancing between achieving stable prices and maintaining maximum sustainable employment. So many people have gotten this wrong and come up with every reason under the sun as to why the Fed needs to or should have started cutting rates. The bottom line is that Jerome Powell has been straightforward in his message as the Fed raised ...

seekingalpha.com     Sep 28, 2023