Stock Market Contents Archive

The gap between 30-year & 10-year Treasury yields inverts for the first time since a brief inversion in 2006. This indicates slow growth for a very long time: https://t.co/9NC4vTiVKv

Once again, not a single question on the elephant in the room at the FOMC presser: the Fed/Government role in creating the situation we are in. Supply chains & war blamed a # of times, but no mention of 0% rates, $5 trillion in bond purchases, and $7 trillion in national debt.

The bear did seem tentative

Think of this afternoon’s significantly higher #stocks and notably lower government bond yields as a sign of #markets welcoming a }Fed that is more serious about addressing high #inflation. Having finally gained some traction, the Fed must now maintain its momentum and resolve. https://t.co/3JH9ZMN1Jt

Largest rate hike since 1994 on the same day that projection for GDP growth was lowered and the Unemployment Rate forecast was raised.

We're just supposed to pretend all of that never happened and that we woke up one day in an inflationary spiral that had nothing to do with monetary or fiscal policy. And to top it off, we should commend them for hiking rates and saving us all from the situation they caused.

Operation Regain Credibility: https://t.co/h5F9g2IFqn

Right now the money is on the guy to the right !

Can't wait for the 30 year mortgage to be 28.2%

A >50% increase in the US money supply in 3 years and not a single question about it in any FOMC press conference. That's either unbelievable incompetence on the part of the most renowned financial journalists in the business or questioning/dissent is not allowed. Which is it? https://t.co/ZLXdOHJsSh

"‘Fed prepares for a harder landing’ is how I would sum this meeting..If this is not a commitment to getting inflation under check, to the exclusion of everything else, we don’t know what is. This was a ‘statement’ meeting, no question:" Barclays' research chair Ajay Rajadhyaksha

So far, markets are reacting positively to the Fed's 75bp hike. Has Powell saved the day? Or is more pain ahead? https://t.co/KLDbegFOf0

Fed: 2023 goals - UE to 3.9% (still historically low), core inflation at 2.7% (no visibility here whatsover), real GDP to 1.7% and FF at 3.8%. Slower growth + aggressive Fed = 2023 Recession probability higher. Remains to be seen if they can execute. Stay patient.

Futures traders are now pricing in a 3.7% Fed funds rate by February 2023.

I expect nothing less from them (they did the same after the housing bubble/financial crisis, never accepting responsibility), but where are the journalists? Are they not allowed to ask anything other than softball questions that portray the FOMC as an infallible/omniscient body?