The stock market for a month has been orgasmic over the prospects of the Fed cutting interest rates . I think their reaction is premature. The Fed has at best hinted that they are finished raising rates . I have seen nothing to suggest they will begin lowering them.
They are also betting on a so called soft landing. I believe that once all the stimulus money is finally spent ,consumers will put a pad lock on their wallets . A recession is the more likely outcome even though the Clueless team will do anything in their fiat powers to prevent it . If the Fed succumbs to the pressure to lower rates and pump money into the economy then we will see the return of unacceptable inflation.
I have been riding the inverted curve and putting whatever I can into rolling short term Treasuries . The money I have in stocks is only there because I am still waiting to break even from the decline. This bull market has not brought it back yet .
Happy freaken New Year . The bulls in the China shop are the national debt and entitlement funding . I see nothing from our leaders that seriously address the catastrophe rapidly approaching .
