imagine someone just started day trading Futures in a Robinhood account from their phone when the 5-minute /ES ATR's are running 50-100-200+ points

originally posted in 2019 - still relevant today

this is the most dysfunctional market environment since 2008

if you think inaccurate jobs data is bad, wait until you hear about how much CPI understates the actual rise in the cost of living

haters will say I cherry-picked the start date

tried to think of a good caption but I'm at a loss for words

just a reminder that the inflation damage has already been done - everything costs a LOT more than it did a few years ago and prices aren't going back to where they were, even if the "inflation rate" was 0%

if you dig deep enough and look under the surface you can make any economic numbers fit your existing narrative - we call that Economics

what if the Fed cuts rates and the market goes down?

history doesn't always rhyme, but sometimes it repeats

Let me get this straight - now that everyone's cost of living has increased significantly the past few years, the Fed is basically giving up on fighting inflation going forward?

now that the Fed has failed at and abandoned their "stable prices"mandate they can focus on failing at their full employment mandate - they don't stand a chance against AI and robots

it's been a while

Powell press conference recap: The Fed is uncertain about everything and is simply monitoring the situation

oil is in a bear market for almost 4-years now but you won't hear that on the news

feels like the only thing holding up this market is the puts they want to expire worthless tomorrow

"the market is oversold"