That Means You, Tommy Boy!
The Fed is either confused or they are sowing confusion.
In The Air
Equities are having a good run as the 2nd quarter of 2023 comes to a conclusion.
It's Right Under Your Nose
Last week it was all about Powell's "hawkish pause." This week, it's about the market taking a pause.
Weekend At Powell's
The market was largely anticipating the "pause" or "skip" in Fed rate action this week. What wasn't anticipated was the increase in the Fed's terminate rate, which indicated two more rate hikes could be coming after this month.
Never Gonna Give Up
Investors like to hold onto certain narratives, especially when they have invested heavily on said narrative.
D.C. Drama - Buying Opportunity?
The drama going on in D.C. over the debt ceiling is terrible to watch, but investors can't seem to take their eyes off the drama.