Ceasefire and Fed concerns provoke a late-Session tumble (but Trump saves the Day!) – North American Session Market Wrap for April 21
Stock Markets faced a brutal dual-threat reality-check today, as shifting monetary policy and collapsing geopolitical diplomacy combined to trigger a violent late-session selloff. The trading session was already under heavy pressure following incoming Federal Reserve Chair Kevin Warsh’s Senate confirmation hearing. Warsh delivered a resolute but mixed-feelings message, emphasizing the need for a reform of…