The Fed has already accomplished more with its verbiage this year than it had last time when it cut rates all the way to zero and did trillions of dollars of QE.
This, despite still ultra-low interest rates and highest disposable income ever.
Those who bet on the most obvious short in the history of mankind got the heads handed to them.
China’s corporations deleverage, forced or otherwise.
Stock market and corporate bond market are in la-la-land, pricing in an economic boom. They’re not seeing a rate-cut economy. So why would the Fed?
Transcript of my podcast.
The Treasury Market Acts Like the Economy is in a Death Spiral, But Wait…
Nasdaq down 8.7% in May. S&P 500 back to Jan 2018. Russell 2000 down 15.7% from peak, back to Sep 2017. FANGMAN except Microsoft get creamed.
This peculiar creature of an inverted yield curve.
One of them is wrong. Watch out for it to snap in an ugly manner.