It has been a rolling recession for years. Real estate, materials, energy producers, industrials, small caps, consumer staples, cyclicals…
Fed’s QT and rate hikes has been working. The script should flip when rate cuts commence and the dollar rolls over
— James Li (@shingerbinger) July 8, 2024
Higher for longer meets unemployed for longer pic.twitter.com/NQcG5DoXK6
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 9, 2024
*POWELL: EASING TOO SOON, TOO MUCH COULD HARM INFLATION PROGRESS
*POWELL: EASING TOO LITTLE, LATE COULD UNDULY WEAKEN ECONOMY
— zerohedge (@zerohedge) July 9, 2024
Powell translation:
We’re stuck.
If we loosen rate policy we risk destroying the progress we’ve made on inflation.
If we keep rates elevated we likely blow up parts of the economy
— QE Infinity (@StealthQE4) July 9, 2024