Thoughts on the Fed Put
Is the put dead
Only temporarily
The death of the FED put is transitory (couldn’t resist that one).
Printer Jay has put it in the schrodingian box and hinted strongly that it is dead.
Mr Market for some strange and weird reason actually believes him.
But I guess if you can believe that inflation is transitory you can believe anything.
But we all know that when things get too bad he will open the box and show a living put.
Which is just about a certainty.
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