We now have a stock market that falls on strong jobs numbers and rallies on recession signs.
How did we end up here?
— The Kobeissi Letter (@KobeissiLetter) February 3, 2023
Hard landing is coming. The highs in bond yields are not in. The lows in equities are not in.
— Wifey (@WifeyAlpha) February 3, 2023
Powell is another Arthur F. Burns.
He falls short of the decisive leaders like Paul Volcker, who used to smoke cigars during his meetings and didn’t cave to pressure.
Unemployment is currently at its lowest point in 53 years. Inflation is coming back with vengeance.
— HOZ (@MFHoz) February 3, 2023