Chicken or Egg
Feb 03, 2023•43 min
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Episode description
Well, 450 basis points later and the Fed has not been able to control inflation...especially in chicken/egg prices (although it would be cool if the Fed had a tool in their arsenal to increase chicken & egg supply). But in all seriousness, in the biggest earnings week of the first quarter, the markets also decided to get optimistic about a potential Fed pivot taking place before the end of the year. In other words, being "data-dependent" really means they have the ability to be totally flaky and still have more attention than the prom queen.
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