Alternative Path

[gdl]

FED just put themselves in a huge corner. They declared TWO rate cuts should be seen this year. This on current data that had inflation spike, jobs wages, manufacturing and even housing doing well. I wonder why they are that sure or are they just keeping the greed and insane valuations up for the election?

All I know is the CPI and PPI was a big surprise and dismissed as soon as it came out. Straight up it is. JULY is my first possible blowoff drop. Bottom line: Profits are not sustainable unless we pump this economy with more spending and debt. Only way is thru rate cuts. P/E ratios only seen in recent blowoff periods. 28 and rising at a fast clip. I suspect we hit 34 before we drop hard and long.