Worst start to the year for #NASDAQ ever!! No chance #Fed raises FF to 3.25% by Dec23 (as priced by mkt now). Too much damage too quickly combines with record bond mkt collapse. Another -10% on equity, and we'll see real breakage/Fed reversal. "Inflation" has already peaked.
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Replying to @DTAPCAP
But why 10%? sounds arbitrary. Could take another 20 or 30% drop for the fed to capitulate considering the circumstances.

Apr 30, 2022 · 10:27 PM UTC

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Replying to @Resolve76
Yes. Arbitrary...just a rough estimate where panic in DC sets in.
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I agree tanking markets/ economy at some point becomes the key political issue but I think another 10% won’t be enough. Not with the feds credibility on the line. Timing is another factor, the midterms aren’t for another 6 months.
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