I miss the days when presidents would visit an aircraft carrier and declare their mission has been accomplished.

I guess you can say Jerome Powell has accomplished his mission by returning the S&P to its 10 year trend channel when he turned hawkish back in January.
See my Bear Case for January Analysis I posted below.

This chart is an update for one of my 2021 charts on the same that clearly shows the effect QE on VS QE off.

So where do we go from here?

Sauds gave Biden a big sike to hiking oil production.

Increasing tensions with China over Taiwan.

The days when all we had to worry about was Oil , now its Oil and Sand.

Its going to be a cold winter.

Wait until next spring when there is a global fertilizer crisis.

FED is going to need to continue to hike.

Jobs are going to increasingly get scarce.

House prices will start turning over at increasingly greater rate. people with 2 yr fixed is starting to roll over now, 3 yr next.

Sorry Cancel Culture. Your future has been Cancelled.


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