Postcards: Marry A Plumber (A.K.A. The Kids are All Right)
A big shift in educational pursuits is happening among the younger generations. It will have more than economic costs... it will change the social structures too.
Market Update: And here… we go… Volatility up… energy up… crypto holding against monetary inflation… We’re not into the red… but we have a flashing signal. Giddy up.
As I’ve warned… all week… sending out multiple messages to hedge… It’s getting mighty dangerous due to rising yields, bank reserves, and liquidity concerns. This decline did NOT come out of nowhere… and now we have a BIG rise in selling across the S&P 500. It’s only a 1% day… and we haven’t had any 2% days in forever.
But make no mistake, this market is under temporary pressure. There was a reason I was bearish after the Fed meeting in March. If tax payments are too high, it will impact liquidity over the short term. But do yourself a favor as this comes.
Be ready to buy this dip… because the Fed will likely taper QT in May… and consider a rate cut by July. Then, the monetary inflation game just carries on, kids.
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