Good morning STB!
Trump meeting with Putin soon. Why is Xi not involved as he was originally going to be? Been telling ya for a while now, Xi is on his way out. Health will be the reason. IMO this is a sign the globalists have truly lost their global influence. As for Ukraine, they’re conscripting people over 60 and from insane asylums, running out of people to fight a war isn’t good.
Good v evil
On to the lie -
Minis up 35. BOE in basically same situation as the Fed. See ZH post. Stagflation is bad, m,kay. This is why I’ve asked if Powell has been right or wrong? Yesterday something broke. This morning BOE does .25 cut they apparently disagreed over, and now the Fed is rumored to a .50 cut in September. When you have no growth and rising inflation it’s not good. Consumer is DOA. CRE and banks are about to have their reckoning when asset price revaluation happens. Buffet indicator at 200%. Bottom line is the stimmy period broke everything and spoiled everyone. Did you know 61% retracement from ‘08 low to high is right at SPX 3,000? That’s awfully close to my favorite number 3,200. If they stop the fall at 50% that would be miraculous.
Have a good day.
GL and GB!
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