A Pivot is the central point or most important person or thing in a situation that is a fixed central point, pin, or shaft on which a mechanism or organisation turns or oscillates.
Related Definitions in the Project: The Project Management
Example Article of the Pivot:
Warning: A Fed Pivot Is Not As Bullish As You Think (Source: Oil Price on 29 March 2023): By ZeroHedge - The second largest U.S. bank failure and the deeply discounted emergency sale of Credit Suisse have investors betting the Federal Reserve will pivot. An old saying cautions one to be careful of what one wishes for. Stock investors wishing for the Federal Reserve to pivot may want to rethink their logic and review the charts. The second largest U.S. bank failure and the deeply discounted emergency sale of Credit Suisse have investors betting the Federal Reserve will pivot. They don’t seem to care that inflation is running hot and sticky, and the Fed remains determined to keep rates “higher for longer” despite the evolving crisis. Since 1970, there have been nine instances in which the Fed significantly cut the Fed Funds rate. The average maximum drawdown from the start of each rate reduction period to the market trough was 27.25%. ...
