You cannot get more hawkish than this. Fed’s Powell all but warned equity investors that the Fed was going to lay waste to their portfolios. This was explicitly stated when a reportedly errantly stated market had responded favorably to the Fed’s +75bps move, when in fact they had already traded lower by 131 NDQ. Powell responded by reminding the reporter the Fed wasn’t done.
REPORTER TELLS POWELL "MARKETS ARE RESPONDING FAVORBLY TO YOUR COMMENTS" AS NASDAQ PLUNGES LOWER BY 131 ***
MORON
— The_Real_Fly (@The_Real_Fly) November 2, 2022
Let me be emphatic.
The Fuck You Joe Biden trade is 100% a go. The Fed said NO PAUSE, strongly suggested PIVOTOOOORS to eat dicks. He even stated it would be better to overshoot than to permit inflation to become entrenched. He also stated the idea of a pause was moronic.
The market is now pricing in another +75bps for the December meeting. The idea of the FOMC stopping there is contingent upon just 1 thing: massive job losses.
The bottom line you need to understand is, as you gaze upon ROKU shattered to pieces in the after hours, the Fed is now mandated to destroy the economy and cause massive job losses.
The Permanent Bull class of investor has been dispatched and his body parts severed from his torso upon the Catherine Wheel in the great fires of 2022. Might I suggest you look towards to future to see black smoke and shards of metal bustling throughout your city streets — burned concrete and melted automobiles following a nuclear strike by Russia as the Ukrainian war takes on a more mental illness phase of development. You will rue the day you let your leaders get away with it.
In the meantime, wear your mask and inject poison into your children, all for the sake of science and feeeeeeeeeling better about yourselves — slow, dimwitted, vacuous, soulless scum.
If you enjoy the content at iBankCoin, please follow us on Twitter
Why are people expecting job losses when Santa Claused is right around the corner. If anything there will be more hiring than firing over the next few weeks. There will be job losses after Santa but not before.
Fly used to be a minister. For some reason the church hierarchy forced him out.
a minister like Sam Kinison
There’s only way out of inflation, and it’s recession and job losses.
bad for stocks. no way out.
Fire and brimstones. Get ready.
There’s another way out of inflation, but elite dark powers won’t let that happen – peace with Russia & China and removal of sanctions worldwide.
No diesel should help
Meanwhile, the VIX sits comfortably at 26. Can you say “complacency”?
The good news is that the market will eventually bottom. The bad news is that said bottom is much much lower, I’m guessing close to or 20% below March 2020 lows.
How many times does J. Powell have to say “I’m not kidding this time” before the market believes him and acts accordingly?
I todaso last night. Longs roasted on a spit. Today started out rough for me, but ended up nicely.
Where’s Rigged Game?
He’s on vacation, ready to collect his 30% in 3 years
Inflation is increase of money supply, or reduction in currency’s purchasing power.
Has anyone, anyone, looked at DXY?
This is risk premium and supply policy over the core commodity oil
Fed has been using inflation wording to enact a, likely desired, rate hike timeline
Not inflation.
Offshoots of
– supply chain factors
– risk premium
– policy
Maybe.. the market bottoms when Qs hit 220ish. I see that as a target for a wash out..
I own so much Palantir now at a $12 pps basis, I have become an official Palantirian until 2030 when I sell. I’m all in.
Hawkish words from our banker/oligarch’s lawyer at the Fed. But would the people that run the place have outright confiscated foreign countries’ dollars if they were trying to save the dollar as it is now …and keep it as the planet’s reserve currency in its current form?
…would they have taken actions that now threaten nuclear war …actions that have divided the planet with most – especially in the southern hemisphere – inclined to support Russia in what is view as their defensive response to our aggression? What’s the plan?