pretty grim that the economy is undeniably worse than it was two weeks ago but because the president has briefly paused the degree to which he is actively making it worse the market responded as though its good
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As I understand it, he relented because the bond market was showing signs of weakness. None of it is good. We now have a crack the very foundation of the dollar economy.
it was a dead cat bounce like nobody's ever seen before, the cat was really dead, many people are saying, and it bounced higher than any cat ever bounced under sleepy joe, that I can tell you
The market was pricing in a madman lunatic that doesn’t respond to incentives. It appears there is pain even he won’t tolerate, which rationally caused a recalibration of expectations. Still down big from Jan, so not a sign of exuberance at all.
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So much of Trump's behavior can be explained as manifestations of his vanity.
People tend to act on emotion (usually fear) in a crisis. Those acting on fear often have a strong present bias.
the USSR took like 12+ years, IIRC, between economic failure and disassembly
our systems won’t go overnight either
These kinds of large rallies have historically not boded well.