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Catch Me If You Can
Remember the S&P 493 "catch up" thesis?
If not, don't worry, it's simple. It said the yawning d
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“The result would be a rally built on a more inclusive, and thereby a sturdier, foundation. I don’t know if that ever became “consensus” in a generalized sense of the term,”
Of course not, inclusive = WOKE. The use of the word “inclusive” instantly triggered urgent AI-generated sell alerts to algo traders because such an outcome would not be welcomed in our nation’s capital.
With all the construction going on at the Eccles, I hope maybe there’s a few second mice running around and ready to climb out of the slime and back Powell.
Speaking of Eccles, The Fed’s bio notes that he oversaw a pegged rate environment geared toward lowering the cost of WWII (rather than past profligacy), sought to unpeg rates to combat rising inflation after the war, then ratted out Truman who lied to the press about the Fed supporting his continuing the peg by releasing the FOMC minutes which demonstrated otherwise. He’s the veritable cornerstone of Fed independence as we used to know it. No wonder Mar-A-Lardo hates that building.
So color me MAMA — Make America Marriner Again.