Powell Promises Pain, Markets Deliver – Ep 836
· Jerome Powell no longer believes the economy will have a soft landing. · Joe Biden is creating severe moral hazards with student loan forgiveness.
· Jerome Powell no longer believes the economy will have a soft landing. · Joe Biden is creating severe moral hazards with student loan forgiveness.
· 4-week winning streak for S&P comes to an end. · Investors chasing momentum. · Not-as-weak is the new strong. · Mortgage applications at their
· NASDAQ loses steam. · Rising gold and silver propels mining stocks. · Food prices increased faster than any month since 1979. · Consumer sentiment
· U.S. stock markets rally. · Home builder sentiment will go from new highs to new lows. · Elon Musk dumps Bitcoin. · Taxes in
· Consumer prices reported hotter than expected. · Dollar is rising on the greater fool theory. · Inflation is not a product of expectations. ·
· Inflation is soaring across the world. · U.S. monetary and fiscal policies are at odds with each other. · Motor vehicle repair costs have
Fools bought the dip in March. Don’t wait to sell in May and go away. Cathie Wood turns down debate invitation. Meme stocks pumped, peaked,
Europe has a serious inflation problem. The ECB says the cost of living isn’t rising fast enough. Politicians and central bankers are using covid and
Economic data blows away expectations. Wages are a price and prices are going up because of inflation. Keynesians can’t even follow their own playbook. Real
Official CPI is at its worst in 39 years. Real CPI is at its worst in history. Investors beginning to realize that the Fed is