Since 2013, every time the S&P 500 went negative y/y, the Fed either stopped tightening or began loosening – we are now there:

Since 2013, every time the S&P 500 went negative y/y, the Fed either stopped tightening or began loosening – we are now there: pic.twitter.com/V1znQ9yLKe

— Kevin Chen (@kevinchenNYC) April 27, 2022