Thoughtful Money with Adam Taggart · Wednesday, September 2, 2026
Stephanie Pomboy suggests that a significant change in market dynamics is occurring, comparing the current situation to the period before the 1987 stock market crash. She believes the 'Fed put' that has been in place since Chairman Greenspan may be diminishing.
“Agreed. I mean, basically, we're talking about eliminating the Fed put that has been, uh, put in place with Chairman, uh, Greenspan in 87 and has been steadily burnished, uh, you know, Fed chairman after Fed chairman, uh, for the four decades since.”
“And watching the long end of the yield curve edge higher and higher and higher while the stock market essentially is thumbing its nose at higher interest rates, which is exactly what happened from, you know, the end of 1986 all the way through the summer of 87 into the fall until finally, uh, the stock market couldn't defy the pull of, you know, interest rates any further.”