Posted by DigiNomad on 4th of May 2023 at 03:55 pm
The FED is bulldogging asset prices down as much as they
possibly can. Yes, they are working against remaining fiscal
stimulus, but it's not likely they will lose in the medium term.
Why so many people want to fight the Fed and be bullish on
equities?
Posted by DigiNomad on 4th of May 2023 at 04:14 pm
Inflation is an increase in asset prices. One of the largest
classes of assets whose prices he has to try and push down is
equities. You can't really be a bull and also actively work
to push down asset prices. I'm sure the "wealth effect"
that comes from equity and RE markets is very much on his
mind.
The FED is bulldogging asset
Posted by DigiNomad on 4th of May 2023 at 03:55 pm
The FED is bulldogging asset prices down as much as they possibly can. Yes, they are working against remaining fiscal stimulus, but it's not likely they will lose in the medium term. Why so many people want to fight the Fed and be bullish on equities?
I think Powell is a
Posted by simple_million on 4th of May 2023 at 04:11 pm
I think Powell is a bull, he just has to talk inflation down as much as he can
Inflation is an increase in
Posted by DigiNomad on 4th of May 2023 at 04:14 pm
Inflation is an increase in asset prices. One of the largest classes of assets whose prices he has to try and push down is equities. You can't really be a bull and also actively work to push down asset prices. I'm sure the "wealth effect" that comes from equity and RE markets is very much on his mind.
Totally agree, that just makes
Posted by simple_million on 4th of May 2023 at 04:30 pm
Totally agree, that just makes JP a "closet bull" :)
yep good points! you can't
Posted by matt on 4th of May 2023 at 04:25 pm
yep good points! you can't want to tame inflation and also want the SPX to be 6000
This is the first real
Posted by junkie on 4th of May 2023 at 03:57 pm
This is the first real argument I have heard of, for wave C down into 3000 on $SPX or thereabout.