It was the most hawkish Fed meeting since Volker and markets loved it. Markets loved it because the people in the markets are retarded and cannot be trusted. I traded in and out of upside and downside ETFs, doubled up on my commodity trades and now find myself just about FLAT for the session. I have yet to determine which direction the market will close and more importantly — what is coming tomorrow.
ALL LOGIC points to incredibly lower stock prices from here. Powell doesn’t give a fuck about stocks and quite frankly wants it lower. The reaction to stocks is telling, and foreboding. It’s basically on par with a decadent society of soft brained fucking idiots. But I’m not mad, really.
POWELL WANTS TO HURT YOU and slow the economy. This is not a reason to buy bonds, stocks, and jerk off to sharply higher rates.
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