“The Federal Reserve’s drastic easing measures Sunday are doing little to stem the market bleeding, judging by some of the world’s largest exchange-traded funds,” Bloomberg reports.
“The SPDR S&P 500 ETF Trust, a $248 billion product that tracks the American equity benchmark, slumped 9.1% as of 5:08 a.m. New York time in pre-market trading.”
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Taegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.
Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.
Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.
Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.
Goddard is the owner of Goddard Media LLC.