Photo by Etienne Martin on Unsplash

The Fed And Mr. Market

Short post today because I’m on vacation, but I wanted to comment on the manic ups and downs of the stock market recently.

After selling off significantly over the past few weeks, today the NASDAQ was up 7.4% and the S&P 500 was up 5.5%. Those are big numbers and indicative of how much the selloff this year revolves around two things — high inflation and the high interest rates needed to bring down that inflation.