To The Moon

"it's like steering an oil tanker", is what they say. What did Powell expect, by wanting "more evidence"?   Now has to make a sharper turn with 50bps. Shld've cut sooner 25bp & control the narrative, so that mkt/businesses don't get ahead of themselves thinking inflation fight is over.  Fed was late in leaving rates low for so long, now late the other way.

I think the major banks' balance sheets are stronger and not weighed by toxic assets this time.  Of course, we don't know what's lurking beneath, but it would appear that it is the small poorly managed banks that are most at risk.  I don't think there will be systemic contagion this time, but Fed needs to rein in a little to prevent panic.

The FED is walking a tight rope between keeping up momentum to fight inflation Vs over tightening, which could lead to recession.  The indicators that they use as guidance are lagging.  The most prudent way forward is to have small increments in rates and analyse the effect of the initial aggressive tightening.  Powell faces pressure from the senate comm., who in turn must deal with populist politics.  It points to a 25bp hike next. There is always the option to scale up again if needed.

If they changed the name from Bing to something else, anything else, I might give it a try.  I personally find "Bing" annoying and it conjures the image of Steve Ballmer ...🙈

Insightful

The committee should have listened to Bullard much earlier

Not Apple fanboi but does musk think people owe him a living?  There're several considerations b4 a business commits it's advertising dollars & be hasn't made it any easier to make that commitment.

Lies, lies and more lies.  Lads, it's the Daily Star  

Nice.  redeeming the 1st tranche allows room for growth in the stock price which together with dividends must be aimed at restoring investor confidence w/o over committing.

Agree with the view.  Not rushing in now, just profiting from the rally in small amounts.