E-Wave for the S&P 500 Index

[gdl]

The white flag has flown. Rick Ackerman, the king of perma-bears now sees another 470 SPX points higher. Talk about crazy! Like trump indictments it gets more favorability rates each time. Reality is what YOU make of it. Unanimous argument and near fact is that disinflation is a permanent trend and we are about to witness this as a fact. Tight labor market, 10 million want ads no longer has a factor in wages and inflation. Like TRUMP we believe what we need to believe. Inflation is dead and rates will soon come down. the opposite is unthinkable. The 40 year trend in disinflation is no longer cyclical but permanent.

We are about to find out soon enough if inflation is dying a slow death. The productivity the last 2 quarters were negative because of it. The trillion dollar mistake and best are over. This is like declaring TRUMP an easy victory because of the indictments. But we do and the masses accept it. We live in the Bizzarro world.

Who is on first..