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Intermarket structural analysis research
On September 26, 2018, just before the Dow and S&P500 peaked on October 3, 2018 Jerome Powell said, “The economy is strong.” This was followed by a 19% decline in the S&P500 and a 24% decline in the Dow. On May 3, 2023 Jerome Powell said “The U.S. banking system is sound and resilient.” Another collapse is expected.