It’s beginning to look a lot like winter. Perhaps we should call Biden “Frosty The Snow Man” because it is going to be a miserable winter for the middle class and low wages workers as Biden’s green energy policies sink in.
The US CPI for electricity is up 24% under Nuclear Joe as The Fed continues to leave their balance sheet relatively untouched.
You might have to bail on the stock market to stay warm this winter, but it is a shame that the S&P 500 index is down -25.3% in 2022 as The Fed counterattacks Bidenflation.
When will The Federal Reserve pivot? That is, when can we sing “Here comes Santa Claus”?
According to the Fed Funds Futures data, Santa Claus is expected to return in May 2023 (rate reversal).