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Summary:The post asserts that today's strong GDP growth of 4.2% was great news, despite a recent Democrat Shutdown, but current market dynamics cause markets to stay even or decline on good news due to fears of immediate interest rate hikes to combat 'potential' inflation. This behavior is attributed to Wall Street's 'heads' being wired differently than in the past, preventing the nation from having a truly 'Great Market.' The post claims strong markets do not cause inflation, but 'stupidity' does. It states that a new Fed Chairman should lower interest rates when the market is doing well, rather than destroy rallies, which could boost GDP by 10, 15, or even 20 points. It suggests inflation will self-correct, or rates can be raised later, but not to 'kill Rallies.' The post concludes by stating that 'eggheads' should not be allowed to destroy economic growth, that the United States should be rewarded for success, and that anyone disagreeing with this approach will not be the Fed Chairman.
Sentiment:Directive
Key Claims:
- GDP is up 4.2%, exceeding predictions of 2.5%, despite downward pressure from a recent Democrat Shutdown.
- The modern market reacts negatively or stays even to good news because Wall Street fears immediate interest rate hikes due to 'potential' inflation.
- This current market behavior prevents the nation from achieving a 'Great Market,' unlike in 'the old days' when good news caused markets to rise.
- Strong markets do not cause inflation; 'stupidity' does.
- The new Fed Chairman should lower interest rates when the market is doing well, rather than destroy it for no reason.
- Inflation will take care of itself, and if not, rates can be raised at an 'appropriate time,' which is not during rallies.
- Killing market rallies prevents the nation from achieving 10, 15, or even 20 GDP points in a year, or more.
- A nation cannot be 'Economically GREAT' if 'eggheads' are allowed to destroy the upward slope.
- The United States should be rewarded for success, not brought down by it.
- Anyone who disagrees with this policy will not be appointed as the Fed Chairman.
Potential Market Impact (S&P 500):8/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:9/10
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