+528k v 250k on the jobs front and markets panicked because the Fed hikes haven’t destroyed the economy yet, which means inflation is here to stay. This means more hikes and because of that traders are BIG MAD.
You might be thinking “wow Wall Street is evil.” You’re not wrong. But then again, Wall Street is only a pure and transparent reflection of who we are, a people who eschew disease cures over treatments and higher unemployment during periods of hot CPI numbers because it disrupts our portfolios.
The good news is the economy is doing fine. The bad news is the Fed has to destroy it.
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