Here's a preview of Fed chair Jerome Powell's testimony to Congress

Fed Chairman Jerome Powell begins two days of Capitol Hill testimony Tuesday, addressing the economy and Fed Policy. CNBC's Steve Liesman joins "Squawk Box" with a preview.

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[b.w.]

Wonder when the fed is going to start issuing forward guidance on the SPX?

[rp]

Pump, pump, pump! Buy stocks at 80% Jan cost while economy operates at 35% come one come all! I've made a bit so far, but the more it goes up the more pessimistic I feel.

[WINify]

as SOON AS POWELL TALKS SHORT THE STOCKS IF TRUMP TALKS BUY LONG

[thebluechipinvestor]

Buying individual corporate bonds. heh. you might as well give everyone free money at this point

[PassiveIncomeTom]

*It will be interesting to see how the market reacts today.* 🤔

[psboymo]

Folks be aware!
Markets can and will only go up, for now. Why?
It is in the personal interest of the trading entities on Wall Street, influential investors, the Senate, the Congress and the White House who depend on close mutual relationships, some even at personal level, for their continued information, wealth, influence and support.
Insider information provides trading entitites and TV anchors the confidence to unabatedly crank up the markets on CNBC and other TV stations, irrespective of bad news and the total disconnect with mainstream economy.
The reality is that the general public is either not aware, or perhaps not bothered by this menacing practice, as long as they can earn a profit. That profit shall be short-lived with markets way beyond pallatable logic.
It should not come as a surprise to experience two mentionable short-lived downturns ahead this year (~July based on 2020 Q3/Q4 forecasts, and November elections) followed by the real crash as soon as the stimulus effort must be curtailed and debt re-structuring must commence in earnest (most likely Q1/2021). The propped-up markets will tumble towards values more in line with mainstream economics and the deep recession. Many “longterm” public investors will severely burn their fingers and more.
They will have to think hard who to blame: Wall Street in collaboration with the White House, or, the shares-invested and Wall Street secured individuals in the Senate and Congress, or, their own shortcomings in terms of FOMO and Greed.