ProShares UltraPro Short QQQ ETF (SQQQ)

[fourdint]

I certainly agree! It is unlikely to get inflation under control (below the 2%) without also addressing the root causes of inflation ... I have zero confidence that will happen becausevthey are not looking at it in that way. Hence, they will continue to treat inflation with interest rate hikes ... that will eventually work but at the expence of the ecconomy and over longer term. By how much and by how long is the question.

The FED doesn't really care about equity markets, one way or another, as not their role. Powel saying markets are overpriced just gives them a little justification as interest rates will certainly negatively effect markets (but not a why for interest rate hikes). I agree with him there are areas where the market is largely overpriced by historical standards (but just how markets go).

Bulls will continue trying to sell this market. Their common theme is it will rebound huge in a year or two. Well, even if it does (likely true) they avoid addressing the pain that can exist till then. It's that pain I want to avoid ... or at least make money on pain.