Just like OJ Simpson’s murder trial, today’s supposedly Fed narrative driven bear market rally has no conviction.
What do I mean?
Today’s rally was exciting to the Bubblevision crews and those who had a lot of crap to unload on retail suckers, but here is a live shot of reality coming at you fast:
The action looks impressive, until one realizes that it’s not going to change the long term narrative of inflation with Jay Powell’s vapid performance art.
Buckle up, as reality is about to come at the markets fast and so few are prepared for the second blunder the Federal Reserve Hedge Fund has committed in the past two years.