Nobody can predict interest rates, the future direction of the economy or the stock market. Dismiss all such forecasts and concentrate on what’s actually happening to the companies in which you’ve invested. — Peter Lynch
The $VIX closed above 50 today which is in the top 1% of historical readings.
What has happened in the past following closes above 50?
S&P 500 gains over the next 1, 2, 3, 4, 5 years every time with above-average returns overall.
$VIX $SPX
https://t.co/l5IYmkeySJ
Jobs Report is a disaster and its disingenuous to assume "experts" that contributed to consensus didn't factor into their estimates hurricanes and strikes.
Moreover, huge negative revisions continue to reveal a much weaker labor market than the media and economists portray.
Prices going up at a slower pace after a blistering spike not seen in four decades equates to enormous pain. You are either dumb as hell or full of shit. The only honest narrative on inflation (see chart).