Commentary We have most likely begun a cyclical bear market. Such things used to be fairly commonplace, along with the lesser 10–15 percent or so corrections within broad stock up-trends. Particularly since the start of the pandemic two years ago, the Federal Reserve has all but outlawed such moves with its BIG thumb on the scales, via its printing of unprecedented amounts of new dollars. Now, though, the central bank is determined to rein in the soaring consumer price inflation it created. With the Fed turning from arsonist to fireman (for as long as it can get away with it, or until it breaks something) most suppositions about the stock market are going to have to change. As we have already seen early on in 2022, one of the consequences of the Fed taking away the proverbial punch bowl (or at the least, spiking it less) is that the most …
RSS Feed | The Epoch Times