Alternative Path

[gdl]

WRONG on ability for MAGA to stop the bill from passing. Inflation is being ignored and the usual means to determine future inflation was tight labor market. no more! The street has concluded it doesn't affect wages or inflation. CPI mid month should be fun to see. The FED has boxed themselves into a corner with a pause in rate hikes this month.

Tale of three charts. DOW looks like it's on a defibrillator, Q's hyperbolic launch to the moon, SPX normal trajectory higher.

Next date June 12th.