Jerome Powell thanks retail for shorting the M2 debasement.
Now watch in suspense the next months unfold of non stop SPY rising and the market try to figure out what's going wrong.
Welcome to the roaring 23s and welcome to start of the final bubble.
Once that 8% gap is taken out I suspect news to start breaking it and the "TLT bulls" will get a shock when capital leaves money market funds and flows back into the growth sector.
Believing the "recession nonsense" is almost like believing the roman denarius aureus did not lose any silver content.
We've been in a recession since QE started in 2009, the currency will always debase to defend asset value even though it makes it weaker, this is how's it will be until the end of this system.