For clarity, I don’t mean the Fed is managing the panic of others. I mean the Fed doesn’t know what is happening or what to do, and they are in a panic, blindly lashing out with their paradigmatic, mindless words and actions. I have seen it before, in corporate settings, when leaders aren’t able to stand back and accept what their environment and senses are telling them.
I won’t have time to share my thoughts about it at length this morning, but definitely wanted to get my belly laugh over this headline: https://www.marketwatch.com/story/dovish-pivot-means-stock-market-investors-will-pay-more-attention-to-data-less-to-fed-talk-2019-01-31 out into the bloggisphere. Also, as I laughed this morning reading the MarketWatch headlines, I raced to my twitter account to see what @JeffSnider_AIP would say about it!