Loading ...Yes, good Kunstler. He’s right about a lot of things. Interesting to hear him trash Democrats, since I’m pretty sure he’s been one most of his life. He’s done a 180 since then, realizing that his party is nuts.
This is a bigger hit than I thought we’d get today, but again, it’s light volume to the downside. I’d like to see the shares gain back about half their losses and not be in such a big hole going into the close. Probably get some downside follow through tomorrow am and stabilize by announcement time.
Still think we rally tomorrow on the Fed announcement, unless they raise 50 bips. Everything else should be a tailwind for our pm’s.
Part of me thinks it’s the Fed in there buying our bonds. Almost seems to me they were raising until they found a tipping point, and it appears the tipping point is the Fed Funds rate at 4.5%. I’d expect bonds to rally tomorrow as well.
Strong day tomorrow and we finish the week positive. JMHO