Risk sentiment looks poised to oscillate for the next several weeks. Meandering price action will invariably be explained by reference to the purported “daily” ebb
Day: June 22, 2022
Jerome Powell, Professional Fall Guy
It wasn’t so long ago when Jerome Powell readily expressed confidence in the Fed’s capacity to engineer the fabled “soft landing.” Whether or not he
Albert Edwards Gently Warns Of Imminent ‘Collapse,’ ‘Meltdown’
By and large, market commentators now begrudgingly concede that the odds of a US recession occurring over the next 12 to 24 months are very
We’ve Been Lying To Ourselves About Central Banks And Inflation
Investors eyed Jerome Powell’s first day of Congressional testimony on Wednesday. Traders were “bracing for Powell,” to quote a somewhat inane headline. Spoiler alert: Powell
