Everyone on Twitter is convinced that another round of QE is coming.. fixing inflation with more inflation.. nominal yields will skyrocket with interest rates.. genius
— ๐ ฐ๐ ป๐ ด๐๐๐ ธ๐ พ (@AlessioUrban) July 7, 2022
The bull case is magical thinking conditioned by 14 years of monetary moral hazard:
"The Fed will hike rates into deep recession and then facilitate bailout. Everyone knows a weak 'Conomy is great for stocks"
Semis bounced to rescue this delusion one more week: pic.twitter.com/83brUDXIef
— Mac10 (@SuburbanDrone) July 7, 2022
Liquidity does matter right? ๐ pic.twitter.com/nCmQBKt0mW
— Gianluca (@MenthorQpro) July 7, 2022
Charles Hugh-Smith lays out the TRAPPED bull case:
His investment theory copied from Millennials is that one must ignore ALL RISKS to be successful.t.co/Imj0Xbd0kf
FYI, there are no times in 40 years stocks recovered without Fed assistance.
ZERO. pic.twitter.com/WXJAzdtDNY
— Mac10 (@SuburbanDrone) July 7, 2022
Shorts are covering ahead of the jobs report.
I have no prediction, however a too hot report means more rate hikes. A weak jobs report confirms recession.
Bulls like their odds. pic.twitter.com/jHTrdOKvkh
— Mac10 (@SuburbanDrone) July 7, 2022
Confidence in Institutions At Record Low
The American people seem to have lost trust in various institutions, including the Presidency, Supreme Court, and Congress.According to a new Gallup poll, only 27 percent of those surveyed had โa great dealโ or โquite a lotโ of confidence in the 16 major institutions in the U.S., that percentage down three points from 2014, which was the former low.
Gallup poll: Confidence in major nationwide institutions drops precipitously. Presidency at 23% confidence. TV news at only 11% confidence.Congress at rock bottom with 7% confidence. pic.twitter.com/7MRXU2EMOD
โ InteractivePolls (@IAPolls2022) July 5, 2022