Stock markets are set up properly, and conditions are prime for misdirection and Fed one’uppery. This weekend your leaders are meeting in Jackson Hole aka God’s country. Upon arrival they will strip down to their underwears and shoot high powered revolvers in the desert with Dan Blizerian.
After consuming kegged beer, they will convene in a cold conference room to take a long nap. Upon waking, we find out if Janet Yellen saw her shadow. If she did, the September rate hike is off the table.
Pair that with some Chinese shenanigans and you have the makings of a macro explosion to the upside.
I know we joke about the China men and their sham-WOW enterprise, but I happen to know they are entirely dominating the bed market. And we Americans do lots of sleeping. We sleep in all these new homes we are building as we enter the roaring 20’s.
These are golden times. Ones our children will scoff at, wishing they were of age and able to participate.