[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”]
[/video_player]
Another Fed Day has come and gone… and what a dud. Not only has the S&P 500 fallen off its daily highs, but – big picture – the central bank has completely failed to curb inflation. That’s despite all the cheerleading they’ve done over the past, I dunno, three years.
More to the point, that increasing correlation between the big tech mega-caps and the S&P 500 I’ve been calling out is… still increasing. That’s going to lead to a big change in the market. The buy-happy crowd that’s been gobbling up inflated assets at ridiculous prices is probably going to get wiped out.
I’m not just ranting – I’ve got the proof right here…
