"I feel better."
Dr- What did you do?
Six Gin & Tonics and 12 liquid Advils.
Really?
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Van the one thing we don't have now is time. It is a frantic race to the edge of a cliff.
Anything bought long term here at these levels is bound to fail hard.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
"The market is currently prioritizing the strong economy over fear of the Fed," the retired Wharton finance professor said in his
weekly Wisdom Tree commentary, published on Wednesday. "We will see how long that can last."
The Federal Reserve's battle against historic inflation has centered on raising interest rates from nearly zero last spring to north of 5% today, and the US central bank has penciled in a couple more hikes this year. Higher rates boost the appeal of bonds and savings accounts relative to stocks, and typically erode corporate profits by increasing companies' interest costs and curbing demand from consumers and businesses. As a result, they tend to pull down the prices of stocks and other risky assets.
However, the US economy has proven resilient to the Fed's hikes, with growth and employment
both holding up in recent months. Investors are betting on stocks because they believe the US can escape a recession, and companies can withstand the pressure of higher rates.
Siegel questioned why the Fed is still pressing forward with rate hikes even though inflation has dropped from a high of 9.1% last summer to 4% in May. He suggested that Fed officials may believe a buoyant economy will fuel inflation, even though current prices of oil and other commodities don't support that view.
"What surprises and disappoints me … is that the Fed continues to escalate its tightening and hawkish stance," he said.
And Now
I will reveal what has changed.- There was a rumor I got a whiff off through the HF community a white paper or proposal that was worked up internally at the Fed had been leaked.
I didn't mention it.
Then a Smart Money guy the one with the brown hair who is well kept up and is usually bullish-
he was taking the negative side of the market in a debate and he let loose with premise of the working paper which is... " MAYBE THE RATE HIKES ARE ACCOUNTED FOR NOW-- "
WHAT THIS MEANS IS HIGHLY SIGNIFICANT: WE HAVE ALL BEEN INVESTING WITH THE " LAG " IDEA FIRMLY IN OUR MINDS-- THAT THE FED HAD TO SLOW DOWN BECAUSE OF THE ' LAG " EFFECT OF AL THE PRIOR HIKES.
THEN A FED GOVERNOR IN A POST RATE DECISION SPEECH MENTIONED THAT EXACT PREMISE-- IT LOOKS LIKE ALL PRIOR HIKES ARE REFLECTED IN OUR CURRENT SITUATION-!
THIS IS NOT GOOD- ~si
