The administration's actions and plans aren't friendly to either investors or business operators.
Bitcoin, NFTs, ethereum or even the S&P are not what matters right now. They're simply a series of exciting developments that aren't putting people to work.
I think inflation is going to be a major theme to the economy and markets in the coming months and years.
I expect that stronger economic data will actually cause the market to assume more rate hikes down the road.
I find his comments about China the most compelling after his salvo about racial equality.
Plus, a look at the technical setup of KLA Corp.
Will we see a return to excellent stock picking that occurred until around the middle of February?
On Friday alone markets added half a rate hike to 2023.
It is premature to declare that the worst is over, but the intensity of the selling will go a long way toward helping a bottom to form.
Here's why we're probably multiple years from a Fed rate hike.