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Stephen Guilfoyle in his Market Recon column observes that Jerome Powell is a man on a mission, suggests that there are no easy recessions, notes real rotation in equities, says there may be retail capitulation, sees big US banks passing the latest stress test and checks out Dollar General (DG)....XLU
Market Recon: Baltic Powder Keg? Telltale Treasuries, Cringy Congress, Lost in Fed Translation...ACN
Biden said: 'We need more money to plan for the second pandemic. There's going to be another pandemic. We have to think ahead.' Absolutely terrifying....XLE
A one time a 75 basis point increase would be the largest single increase made at one time since 1994.
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