To The Moon

The sharp rise in U.S. bond interest rates rattled investors, Fed Chairman Powell's hawkish rhetoric spooked U.S. stocks, Tesla fell 5 percent, and the S&P ended an eight-day winning streak."The FOMC is committed to achieving a stance of monetary policy that is restrictive enough to bring inflation down to 2 per cent over time, and we do not believe we have reached such a stance," Mr Powell said on Thursday.Still, Powell said, "The Fed will continue to tread carefully to address the risk of being misled by several months of good data, and the risk of tightening too much." If appropriate, the Fed will not hesitate to raise rates."On the same day, Federal Reserve Governor Bowman also released a "hawk" message, saying that she expects the FOMC will need to continue to raise interest rates

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