Bad Optics
Traders will attempt to find their way back from "dark places" in the new week.
And I don't mean waking up in the Hyatt Grand Central with no idea why you're there, wandering down to the lobby, bleary-eyed, and catching the Harlem Line home.
Rather, I mean that place in our collective memory where a pandemic plunges the world into a fleeting depression, triggering one of the most harrowing (albeit equally ephemeral) market collapses in modern history.
"We know that the market hates unknowns,
H_Man, the optics suggest
1. Inflation is rising
2. Interest rates are going up
3. The economy is strong
4. Omicron seems to lack the bite of Delta
If all of the above are true, are we simply talking about how much Fed push equities can handle before they puke? It seems to me that could be a rather long peregrination.
“And I don’t mean waking up in the Hyatt Grand Central with no idea why you’re there, wandering down to the lobby, bleary-eyed, and catching the Harlem Line home.”
LOL…..no shortage of shady sh*t at those Midtown/Grand Central area hotels