"There’s something bigger going on here & the market’s refusal to acknowledge it can only be chalked up to the fact that we’ve become conditioned to seeing larger & larger bazookas unveiled by policymakers whenever risk assets endure a temporary swoon. This only engenders the possibility of greater disappointment...."Like I said in this morning's pre-market update: I think the market is looking to later this week when Jerome Powell speaks in Jackson Hole; expecting a .50% rate cut...
Tuesday, August 20, 2019
Bonus Quote of the Day
I sympathize with the following from Zero Hedge this morning: