These two points blunted anything that Federal Reserve Chairman Jerome Powell had to say and that was all it took to have the best week in the stock market of the year.
He's the union president, which contributes to investor ennui given how unions have produced minus signs in the stock market wherever they prey.
But yields looked to break out the wrong way for the stock market for certain.
We didn't realize that yields could be peaking: 6% was beckoning on the long end of the bond market yield curve.
All I can tell you is that the Apple selling last Friday morning was relentless from 4 a.m.
Persons:
Jerome Powell, it's, Joe Biden doesn't, Gina Raimondo –, –, Raimondo, Biden, hasn't, ennui, Stanley Druckenmiller, Tim Cook, Luca Maestri, Apple, that's, halcyon, Cramer, Elon, Mary Dillon, haven't, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood
Organizations:
Treasury, Federal, Twitter, Mutual, Apple, Phillies, Huawei, Nvidia, Trust, CNBC, Jim Cramer's Charitable, NYSE
Locations:
Israeli, Gaza, China