That Moment?
Back in May I ended a note with the following…
These markets will not sell off until the market, for what ever reason via implied or tangible evidence, that the Fed either no longer has or, no longer can “have its back.”
Simple as that.
This past Friday, you may have just glimpsed the latter part of that equation. e.g: “no longer can.” To wit:

As always, we shall see.
© 2026 Mark St. Cyr
Disclaimer: The content published across MYTR reflects opinions, analysis, and perspective.
It is offered to inform thinking and encourage consideration—not to provide instruction, direction, or individualized advice. How any idea is interpreted, evaluated, or applied remains the responsibility of the reader, listener, or viewer, as applicable.
Responsibility for decisions—and their outcomes—begins and ends with the individual making them. Please read, or re-read the “Policy Notes” page for any questions or clarifications.

You must be logged in to post a comment.