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On 12/22/18 the president of the NY FED made soothing comments about the FED being more sensitive to the sentiments of Equities. Those comments were further supported by Powell the next week.

Upon those comments Equities turned on a dime from crashing to rallying on the 26th

If the FED had not made those comments the crash would have continued. There is no reason to think otherwise. SP 2250 was looming..and sp 1400 was a possibility. That means everything since 2012 was on the table.

Trump can cause the heart to skip a beat, but the FED can cause a heart attack.

I don't think that the commentary on this Board is savvy.

Numbers are a reflective gauge of sentiment, but they are not the sentiment itself. The trick is knowing what the sentiment is and more over why the beast is feeling that sentiment.

Today the sentiment is not quite as trusting of the FED having been spooked late last year by them. That is showing up in more volatility as the Beast is more wary.and thus skittish.