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Stock impact report

The S&P 500 plunges 16% on average after new Fed nomination – Barclays [Seeking Alpha]

Barclays PLC (BCS) 
Company Research Source: Seeking Alpha
of a new Federal Reserve chair, according to Alexander Altmann, Barclays Plc's global head of equities tactical strategies. With Kevin Warsh set to Newsletters for Every Investor Get daily, sector-specific newsletters packed with expert insights, fresh ideas, and new opportunities. Subscribe to Newsletters Sign Up Quick Insights Historically, the S&P 500 drops an average of 16% within six months after a new Fed chair takes office, with average drawdowns of 5%, 12%, and 16% over one, three, and six months, respectively. Warsh's push to unwind the Fed's asset holdings could drain liquidity from the system and negatively impact risk assets. Warsh's hawkish reputation may cool gold prices and give modest support to the dollar, according to Morgan Stanley. Recommended For You Show less Read more
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