Orthogonality and Woo-Woo in Markets

An exposition today on what the Fed rate cut, market reaction, woo-woo, and time machine research have in common.   Yep.  This is one of those Twilight Zone kind of discussions that sinks down into the part of being human that we mostly don’t visit often.
First, though, in addition to our usual daily dose of market notes, some headlines, the Corona box scores and a few other odds and ends, we’re busting out the champagne.
In case you didn’t know, the World Health Organization has just announced the “official” mortality rate for COVID. 
It’s exactly what we have been telling your for over a month: 3.4%.

More for Subscribers      |||   Not a Subscriber?  SUBSCRIBE NOW!       |||   Subscriber Help Center