By John Persinos
My colleague Dr. Joe Duarte is one of the smartest investment analysts I know. He's also a witty fellow. When a major market event is breaking on financial news, Dr. Duarte and I often engage in an amusing but substantive repartee in "real time" on Slack.
Below, I'll share with you the good doctor's Slack message, sent to me on Tuesday afternoon, that's a blunt assessment of Federal Reserve Chair Jerome Powell's comments that day.
During a public interview Tuesday at the Economic Club of Washington, DC, Powell uttered comments that stirred sharp volatility in the markets.
Powell at first said: "The disinflationary process, the process of getting inflation down, has begun and it's begun in the goods sector. But it has a long way to go. These are the very early stages of disinflation." Stocks popped higher on those words. But then Powell added:
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