Now Gold, Dollar, and Bonds are in Charge

The FED yesterday blew its chance to get out in front of the inflation wave. Now the markets are in charge, this will be complicated. But you can keep it simple.

1. Don’t forget, the stock market is overvalued.
2. Don’t forget inflation has become embedded by the actions of the FED.
3. Don’t forget, consumer demand is declining, partially due to pre-event buying and secondly the un-vaxxed COVID pandemic.
4. Probably some things I forgot.