This is the "game over" moment I've been waiting for. Maybe it won't kick off tommorrow, but the end game for the Fed is when their easy money sinks stocks via contracting corporate margins and higher unemployment, aka stagflation. Their two main choices are painful once this point is reached. Nip inflation in the bud, send the stock market down at least 20 percent and risk a recession or let inflation run and risk sinking the stock market more than 70 percent, plus mass unemployment, a bond market crisis and possible currency crisis. I know which door I'd choose, but the Federal Reserve hasn't shown it thinks beyond what the S&P 500 did yesterday. If they decide to save stocks yet again, there could be a rip roaring rally or even another leg up into a blow-off top later this year or into early 2022.
FOMC Preview: No Change to Fed Funds Rate
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Most analysts expect there will be no change to the federal funds rate at
the meeting this week keeping the target range at 5‑1/4 to 5-1/2 percent.
Fed Ch...
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