The consistent theme of 2022 is that pundits, economists, and investors have been WAY too bullish every step of the way. Now featuring the first 1% interest rate hike in 42 years in a likely recession.
Lying to themselves the whole way down while taking down their hedges.
Two weeks to FOMC. For the next two days Fed members will compete to see who can be the most hawkish before they enter pre-FOMC silent period.
Meanwhile companies will warn on earnings and stock buybacks will be suspended for ZERO liquidity.
The Fed is not trying to kill inflation, the Fed is trying to kill the consumer.
When Volcker did this in 1980, he had to take rates down 10 percentage points to resuscitate the dead consumer.
https://t.co/JVQ8MVjNB4
Game over, man.
STRONG DOLLAR is about to monkey hammer forward earnings guidance:
"Technology companies have the greatest exposure...That’s especially true of semiconductor companies, but also affects stocks like Apple, Facebook and Google"
https://t.co/Edv88kdeuc
Bitcoin's more likely to tumble to $10,000, cutting its value roughly in half, than rally back to $30,000, according to a survey of investors https://t.co/LRGdT1Dc82
It's here–the deepest, sharpest infrared view of the universe to date: Webb's First Deep Field.
Previewed by @POTUS on July 11, it shows galaxies once invisible to us. The full set of @NASAWebb's first full-color images & data will be revealed July 12: https://t.co/63zxpNDi4I