Powell's Dance.
Watching a grandfatherly, white-haired 69 year old man doing performative dance doesn’t sound like something hot-shot Wall Street traders and stock market professionals would choose to spend their time doing, but they very much are and that somewhat elderly gentleman is by far the the most important influence right now on the immediate trajectory of your net worth.
We are talking, of course, about Jerome Powell, the current Chair of the Federal Reserve, which needs financial conditions to remain tight to ensure its rate increases filter through the economy as desired: slowing demand and…
The skinny
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