This is just another brilliant article from you, but my favorite part was how you shared an actual photo of Powell’s gig in the Red Cocktail in DC last Tuesday (I was there, great set) and everyone is going to think it’s a fake Midjourney image. 😂 Clever.
Loved this rant:
“If there is a sector that is too expensive or overowned or overvalued, you sell that sector or go underweight. You don’t get bearish the whole index. If you think megatech is too expensive and too big, get out of it or short it against equal weight indices. Don’t buy S&P puts.”
To your point on easing not being inflationary, one thing that annoys me is how patronizing hawks seem to be towards the Fed. They say that easing now is too early - of course they know what’s too early and the Fed doesn’t. They see this as irresponsible and inflationary - of course the Fed didn’t consider this at all and they have.
I hope at least some of them will get a taste of your being nimble potion one day, Brent. Cheers!
Thanks Brent. I suppose the monetary policy doesn't impact CPI thing could be countered by the fact that fiscal is also very loose. Have a great weekend.
2011-2019, we didn’t have consumer price inflation, but asset price inflation - totally. Difference between then and now, fiscal. Is loosening monetary policy an accelerant to the fiscal influence, or a catalyst to ignite? Or still a nothingburger? 🤔
These featured images are hilarious
Brent on fire this week!
First part is one of your best writing Brent.
VERY well said about the dynamic this week around the FED's communication.
Great Speedrun this week ! Loving JP on the 1’s and 2’s lol 👏👏
This is just another brilliant article from you, but my favorite part was how you shared an actual photo of Powell’s gig in the Red Cocktail in DC last Tuesday (I was there, great set) and everyone is going to think it’s a fake Midjourney image. 😂 Clever.
Loved this rant:
“If there is a sector that is too expensive or overowned or overvalued, you sell that sector or go underweight. You don’t get bearish the whole index. If you think megatech is too expensive and too big, get out of it or short it against equal weight indices. Don’t buy S&P puts.”
To your point on easing not being inflationary, one thing that annoys me is how patronizing hawks seem to be towards the Fed. They say that easing now is too early - of course they know what’s too early and the Fed doesn’t. They see this as irresponsible and inflationary - of course the Fed didn’t consider this at all and they have.
I hope at least some of them will get a taste of your being nimble potion one day, Brent. Cheers!
Thanks Brent. I suppose the monetary policy doesn't impact CPI thing could be countered by the fact that fiscal is also very loose. Have a great weekend.
2011-2019, we didn’t have consumer price inflation, but asset price inflation - totally. Difference between then and now, fiscal. Is loosening monetary policy an accelerant to the fiscal influence, or a catalyst to ignite? Or still a nothingburger? 🤔