Pow(OI)elld
Powell - doing God's work?
Is it even possible? Recall Tony P's latest words outlined last week: "...can you imagine if we exit 13 years of interest rates pinned at zero, plus roll off billions in bond holdings, and the penalty is a 15% equity pullback from all-time highs at a 18 multiple? it would be the most elegant dismount of all time."
The biggest narrative stays intact
Fat and flat remains king. SPX has done nothing since early April...