6/21/22 Recap. Rally Day And The Death Of Facebook
What a day, markets rallied hard after James Bullard, my namesake, made a dovish pivot over the long weekend.
It seems the Fed is beginning to realize all the rate hikes in the world won’t matter as long as supply chains are broken and commodity prices are where they are. The economy is rapidly weakening and now the FED will have quite a pickle ahead as they will likely have to flip back to QE if this gets bad enough. Academics, you really have to admire them.
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