Cocktail Investing

  Download Episode   In this week's episode of the Cocktail Investing Podcast, mixologists Lenore Hawkins and Chris Versace parse the testimony from new Fed Chief Jerome Powell delivered before Congress this week. Why you ask? One reason was the investing herd’s reaction as the stock market dropped a quick 300 points following Powell’s comments during the Q&A session. Second, as we’ve been saying, the market is increasingly focused on what the Fed says and may do when it comes to monetary policy. This has made the Fed the market safety net over the last several years, but what did Powell say that might signal, as Bob Dylan sings, “the times are a-changing.” We know the stock market and its investors are no fans of change, let alone a potentially abrupt one, but when Lenore and Chris look at the crop of economic data through their thematic lens, it leads to more than a few questions about the vibe that Powell was trying to lay down. While Powell sounded a bit more hawkish than his predecessor Janet Yellen,