Dramatically slashing interest rates to zero and promising huge asset purchases are instilling fear, not confidence, in market participants.
And the bond market isn't saying encouraging things just now.
Let's break down the move and what it could mean -- and what the Fed just won't be able to help as the coronavirus spreads.
The psychology of the market will be quite different now as news hits.
Here's how we would play shares of the pharmaceutical giant now.
Both the Dow and the S&P are still under where they were last Wednesday, despite the bounce.
The market is all about technicals now. The real buying will only come once the virus is contained or Fed goes all in, as China seems to be willing to do so at all costs.
I want you to write down what I always tell you, and post it somewhere where you can see it when you need it: Understand, Identify, Adapt, Overcome, and Maintain.
Every minute detail and data point is misinterpreted to paint a positive picture for stocks.
Kraft Heinz, Macy's and Renault have all recently been downgraded, and now the question must be asked: Is this the start of something bigger?