FOMC RAGER

JPow confronted the American people in stunning fashion during the FOMC meeting on Wednesday, January 26th. With not much changing from the December presser he gave, we are finding as time goes on that the most epic bull run in history, in virtually every asset class in existence. The Fed is ready to raise rates and just absolutely upend the entire financial system (stonks, mostly) as we know it. SECURE YOUR PUTS.

Indexes had a strong start to Wednesday’s trading day, and then absolutely hemorrhaged ~20 minutes into Powell’s hawkish speech. We were all pleasantly surprised at market open and then watched in dismay as this man singlehandedly wreaked havoc on our portfolio’s via word vomit.

The Fed taper is already in effect, and we are just waiting on eventual hiking of the Federal Funds Rate. Meanwhile, China asks the Fed and major central baking syndicates not to jump into raising rates too quickly (China’s economy grew 8.1% in 2021). Hmmmmm.

Yup. Adds up.

In any case, get ready for an abysmal next couple of weeks, as the selloff shows no signs of slowing down. GENERATIONAL BUYING OPPORTUNITY. Silver lining.