🇺🇸 A change in the Federal Reserve Chair = a big drop in US stocks? Cherish the time next week? And find that golden pit before the midterm elections, then go all in? Recently, this chart and the above remarks have been spreading like crazy on Twitter and in various US stock groups. But after taking a closer look, it's clear that this chart and the bottom-fishing talk are problematic, it's not just a simple data error. 1. I don't know what the so-called 6-month maximum drawdown here uses: A) the lowest point within 6 months of taking office minus the S&P 500 at the time of taking office, or B) the lowest point within 6 months minus the highest point within 6 months. 2. Take Powell as an example. He was sworn in on February 5, 2018...