Alternative Path

[gdl]

Surge in prices while income and spending cut in half of expectations. In other words the worse scenario possible. Imagine rising rates as the consumer is being chocked with inability to keep up with wages. It now doesn't matter what the FED says only what they do. They seem to be behind the curve in taming inflation. A quarter point decision, if data stays this strong, will NOT be met with cheer.

Today we should drop over 100 SPX points nd a set up fro Mondays bigger drop.