@lisaabramowicz1 The Pentagon said today they are having difficulty budgeting for FY2023 given the inflation surge. The loss of purchasing power vs original inflation projections is $28billion.
Fed wants the balance sheet to return to pre-Covid 19% of GDP by year end 2023. That’s $4tln+ of suffocation for markets. Rates are only part of the story #gdp#ES_F $SPX $SPY $QQQ #trading#stocks#investment