Market On Open - Wednesday 4 October
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The World Is Officially Ending
Evidence that it is the End of Days:
- The 10-year yield is thinking about a date with 5%
- The House of Representatives decided it no longer needs a Speaker
- A couple of Fed board members whose names I forget right now said that unless someone holds them back they might keep fighting the big inflation guy
Evidence that it isn't the End of Days:
- Stocks aren't down that much and are still within a typical technical retracement level.
- The House will have a new Speaker soon
- Only Jerome Powell matters and he isn't on the speaking tour threatening to punch the big guy.
For now we side with, business as usual.
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