FAKE News: This is for REAL!

Over 40% of the S&P is in a bear market with further misery on the horizon, prolonging the agony during the worst month since the 2008 crisis. Uncertainty is really starting to set in. The question is why and what to expect…

No Safety Net: The “Powell Put” Doesn’t Exist

The Fed is full of absolute masters of euphemistic, toned-down language that hides insidious and unsettling half-truths. It takes the patience of a saint and an uncanny ability to read between the lines to decipher Fed language, which is now telling us that the era of easy-money policy is in the rear-view mirror and will not be seen again anytime soon.