Republic Risk: Madness... Explained...

Don't short the Electric Centipede... yet...

Equity Storm Watch Is GREEN on the S&P 500 and GREEN on the Russell 2000

Historically, the worst two-week period for the S&P 500 is over… and the equity markets survived unscathed. 

That’s where we are right now - riding the Electric Centipede and watching tech stocks rip us higher and higher. Don’t worry. That reference will be revealed below - and it’s a Florida Republic original. 

We’re still green.

But my big worry is Mister Powell’s testimony this week. The Fed could tinker with its balance sheet, the housing market, and short-term U.S. debt. Whether that raises steep concerns about all this refinancing ahead for the Treasury Department is the “Big If.” They have trillions of short-term debt to refinance, and we can’t do this in a 4% to 5% environment - because we just added another $1 trillion in debt over the last 100 days. These people in charge call themselves “economists” and “Congressional Representatives” - but the reality is that they are financial pyromaniacs.

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