I hope you read my post on China yesterday. I was dead on. That's exactly how people are perceiving things now. RIOTS = GOOD Now what?
WED IS THE TRIGGER DAY-- Papa Powell speaks. Will he be dour bad man and ruin Christmas?
I have some order flow analysis that says yesterday retail sold and institutions bought... you know what usually happens after that.
If Powell can just admit certain parts of inflation are falling and somehow stop focusing on the jobs market. This is he real problem now. These tech jobs they don't show up as unemployed, they don't even say they're out of work until their special benefits and options vet- and eventually are used up. They go on long vacations and yoga retreats it's not like areal person getting unemployed and it has no effect on the economy. The Fed is spending to much focus on Jobs. Some indication by Powell that he is looking at a broader picture coupled with some statement that inflation is slowing..that should be enough to set off Santa's Rally!
WED IS THE TRIGGER DAY-- Papa Powell speaks. Will he be dour bad man and ruin Christmas?
I have some order flow analysis that says yesterday retail sold and institutions bought... you know what usually happens after that.
If Powell can just admit certain parts of inflation are falling and somehow stop focusing on the jobs market. This is he real problem now. These tech jobs they don't show up as unemployed, they don't even say they're out of work until their special benefits and options vet- and eventually are used up. They go on long vacations and yoga retreats it's not like areal person getting unemployed and it has no effect on the economy. The Fed is spending to much focus on Jobs. Some indication by Powell that he is looking at a broader picture coupled with some statement that inflation is slowing..that should be enough to set off Santa's Rally!