The U.S. Markets are telling us the FED is going to reverse course. For all intents and purposes, they pivoted this week after bailing out the millionaires and billionaires who stood to lose tremendous amounts of money in the bank closures. It became a National Security issue as the Pentagon got involved, stating that Tech startups working on U.S. Military programs would compromise the security of the United States if they didn't have guaranteed funding. Capitalism is dead. Hello, socialism and Marxist 'backstops.' No need to panic - no need for bank runs. ALL BANK DEPOSITS ARE NOW COVERED - YOU WON'T LOSE A THING! WE'RE GOING TO NATIONALIZE EVERYTHING! Thanks, Uncle Sam, Uncle Joe, and Auntie Yellen. You all finally managed to kill the free-market economy. Kudos. I can't wait to start flying the CCP flag! But that's beside the point - what will the FED do? Despite the bank chaos, the ECB (European Central Bank) is still raising rates. Will the FED follow?
Next week the FED will pause their interest rate hikes, according to Goldman Sachs. That means Wall Street will skyrocket. But what if the FED raises the Federal Funds rate by 25 basis points? Either way, savvy investors know we're screwed up, down and sideways. What is coming is a sharp market decline, and for so long, it will bankrupt anyone trusting some money-market manager or stock broker to manage their hard-earned money. Yes, Virginia, the U.S. Stock Market will fall off a cliff. And as a result, a lot of pain is going to be felt by EVERYONE. So please don't say I didn't warn you. I have since COVID-19 first came into existence. That's what broken records do! Some of us are not clocks, who are right twice a day - we've been spot on for years - it's everyone else which has been wrong 24 hours a day/365. And wrong all along. So don't buy into the deception. Pay attention to the macro and not the minutia; you'll see what those with discernment see, plain and simple.
