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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Lee Lichterman III who wrote (70103)9/23/2022 12:29:39 PM
From: The Ox4 Recommendations  Read Replies (2) of 97611
 
Do people realize it takes 6 months or more for rate changes to have an affect on the "trailing" indicators being used to justify more hikes?

For Powell and his team not to acknowledge that their moves may need to pause for a month or 2 to see how these last 4 rate hikes are changing the economic environment seems daffy to this observer.

The punchbowl has been taken away.

I'm somewhat surprised by people pointing to this most recent PMI and saying, see, the work is not done yet.

Oh well. Much more "pain" is coming and it appears to be similar to every event in the past where the FED overshoots by a wide margin at the worst possible time.
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