💥💥💥 S&P 500 index fell by 1.2% - this is the sharpest market drop following the first meeting of a new Fed Chair in the past 32 years.
Statistically, new Fed Chair transitions have led to market declines in the first 6 months in the large majority of cases since the 1970s
▫️Alan Greenspan (1987) - 33% (Black Monday)
▫️Ben Bernanke (2006) - 7%-8%
▫️Janet Yellen (2014) - 4%
▫️Jerome Powell (2018) - 7%-8%
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