Third Time’s The Charm, Or Is It Strike 3 For The Clueless Fed?

Three technical adjustments. The very things that would make an honest person a little skeptical about the mainstream story, maybe even to consider a better chance of a rate cut certainly than rate hike. Whether or not Jay Powell today wants to, that’s entirely beside the point.  He has no idea what he is doing. Kicking and screaming. Don’t fight the Fed? The Fed always fights…reality.