I can be totally wrong. This is a weak market that could easily rollover. The Federal Reserve is staffed by clueless idiots who live in books and models, not the real world. The government is run by demented psychotics. The best of them do not understand how the economy works. It isn't hard to see the yen blowing up or waking up to the start of WW3 because of some mishap. If I'm wrong, then so be it. For now though, I still like the reversal trade from here. Tomorrow morning?
Forward Guidance: The Fed Sounds Like a Wizard Reading Chicken Bones
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Stanley Druckenmiller says the Fed should get rid of forward guidance and
just do their job.
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