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BREAKING: The S&P 500 is now down 340 points, or 7.5%, since the Fed removed a recession from their forecast.
On July 26th, the Fed raised rates and said they were not longer expecting a recession.
The Fed marked the EXACT high in the S&P 500 which just hit its lowest levels…
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由
The Kobeissi Letter
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BREAKING: The S&P 500 is now down 340 points, or 7.5%, since the Fed removed a recession from their forecast.
On July 26th, the Fed raised rates and said they were not longer expecting a recession.
The Fed marked the EXACT high in the S&P 500 which just hit its lowest levels since June.
Since then, rate cut expectations were pushed out by a year and corporate bankruptcies hit their highest levels since the pandemic.
Is the market doubting the Fed again?
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Russia’s southern defense is multilayered w/ each layer consisting of multiple lines of field fortifications.
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Russia’s southern defense is multilayered w/ each layer consisting of multiple lines of field fortifications.
Ukraine has penetrated the third & final line of the defensive layer near #Verbove, not the final line in Russia’s total defense in depth on the southern frontline.🧵1/9
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ISW
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