Today, hardcore economics with a side of woo-woo. Futures were down hard ahead of the Fed rate pronouncement this afternoon.
Won’t mince words here except to remind all readers that we are in a period of extreme risk when we look at how the run from 2009 to now has paralleled the 1921 to 1929 market blow-off.
Even the crypto’s are in trouble, though we gave you our targets earlier. With BTC down to $30,897, our call for thousands lower is looking less absurd than some virtualistas would otherwise have believed.
A few headlines and then we’re into the ChartPack, the cycle (which is very interesting) and the woo-woo which blew my socks off…