Let's start with the bad news.
The System gave a sell signal today on the S&P.
And I didn't think that was going to happen so soon.
Nothing to do with the FED. The Bonds are the Culprit.
INFLATION. The Black Swan coming sooner than later.
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Could be what Biden said today...calling Putin a killer escalating tensions
Unfortunately it has everything to do with Fed. They have no faith in Powell. As rates go up bonds will be scooped up from all over the world capping yields. Huge buying from stimulus money on dips. If market ever corrects too much here comes operation twist.
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