E-Wave for the S&P 500 Index

[gdl]

https://www.reuters.com/article/us-usa-trump-fed/trump-to-nominate-quarles-to-be-feds-top-banking-regulator-idUSKBN19V2U5

YUP the regulators. Didn't MOODY's the most dysfunctional entity on the planet JUST announce a negative report on many banks with DOWNGRADES? What timing. Like having a fire truck come to a home already in ashes.

The really worse part is the CEO and many officers of SVB cashed in millions before the collapse, was on the San Francisco Fed Reserve Board.

Now for the really scariest part of them all. I warned using Common Sense when i stated weeks ago that the mindset of all is ingrained in the last 40 years of disinflation. it still is! proof is in the current assumption by everyone that inflation will not be a problem past this summer. I mean EVERYONE agrees to this? WHY? What do they know?

So with that mindset this problem goes away soon. Not a single analyst or scholar has projected no way a 6% Fed Funds rate will ever hit again. If they are wrong compound the current situation 100 fold.

And most see a BULL MARKET lasting another decade or more. The news on all fronts are so incredible and scary in politics and economy over these last debacles we become immune to it and declare the FED is our savior till it goes wrong and we use them as scapegoats.

I will repeat my many claims for 2023. it will go down 40 to 50% this year alone.