Secular inflation is here

[hanera]

@REInv

@hanera We are within a percent of June low, most likely we will close today past that. How much more is still to be seen but I guess S&P will hit 2018 lows easily. We are still in the mother of all bubbles territory. Never say never :-).

@hanera

There are rumbling that Fed might update terminal Fed rate from 4.5% to 6% during Sep Mtg Sep 20-21. If true, I have to eat crow since this would cause stock market to break below Jun 16 low.

Fed did increase terminal rate by 0.5.