I’m sure the likes of Tom Lee were giggling and tittering and being scrumptiously silly on Friday when the Powell Pivot came out. Maybe Mr. (?) Lee isn’t feeling so scrumptious anymore. I’ve said it all along that the Powell Pivot is the start of a major BEAR market, not BULL market, and some folks are starting to wake up to this fact. The /NQ is breaking down below a tremendous zone of price congestion.
The small caps, likewise, are slipping away from the risible areas of preposterous price positions.
99.9% of people think Powell is their buddy. He isn’t. He and his minions are responsible for more misery and wealth maldistribution than any entity on the planet. Sadly, people are too blinkered and ignorant to realize what a deeply evil role this man has in the world. My only joy will be seeing him fail as the months and years grind on. In the end, he’s going to be seen as the monster that he and his vile predecessors are.
