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…
I’ve used the term “Jiggy” for years. For those that may not remember where the term originated, it’s from a Will Smith song titled “Gettin Jiggy With It” back in 1997. In what now seems like forever, I’ve used it to describe that moment in time when one force meets another and things begin to,…
I was asked over the weekend my thoughts about the current machinations in the capital markets. When I replied along the lines of “Actually Scarlet, I really don’t give a damn.” (to paraphrase Rhett Butler/Gone With The Wind, 1939) the look of sheer confusion I received was palpable. At first I thought they didn’t get…
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