Is it a coincidence? In the first three months of each Federal Reserve chair’s tenure, the stock market is sure to fall.


None of the past 12 newly appointed chairs has escaped this fate.
In the early period after they take office, the S&P 500 Index has an average drawdown of as much as 12%.
The two worst instances were Greenspan, who suffered a 33% crash during the 1987 market collapse, and Mayer, who took over during the Great Depression in 1930 and saw a 32% plunge.
Now, the 17th Federal Reserve chair, Kevin Worsch, will hold his first interest-rate decision and press conference this Wednesday after taking office.
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