Perhaps market reaction to inflation, and/or fears thereof, are commencing sooner than I thought. Based on Powell's presentation yesterday, I was thinking we'll ride the wave until 2022. Given the spectacular amount of liquidity with which they flooded the system, it HAS to happen. Perhaps the fear itself is enough to force issue. They say that wall street is always forward-looking... perhaps they're now looking past the Virus recovery. References: https://www.bloomberg.com/news/arti...from-inflation-fears-as-commodities-join-rout
From a day trader's perspective, it will be : There are lots of trading opportunities trading commodities like crude oil, copper, coffee ... because of other people's rational and/or irrational inflation fear.
Wallstreet expect a tidal wave of spending. There might not be though. Then what? Right now the market is turning to fear and maybe that's all we need to know. I'm hoping for one yuuge parabolic move up in equities before the big slam down.
What a great stabilization organization, whithout FED USA&rest of the world would be doomed. These people produce enormous real world value by printing.. Rest of who do actual work , are not contributing much to society.