Another day, another stock market tank thanks to The Fed (everyone knows Federal government shutdowns are purely symbolic). But NY Fed’s John Williams said that the Fed will be watching the data!
Wait, I thought The Fed closely watched the data already! Does this mean that The Fed WAS’NT watching the data?
Anywho, the Dow continued to deflate today.
While the SMART Money Flow Index declined today as the VIX volalilty index spiked.
Markets are far more interesting to watch than Stanley Kubrick’s film “Eyes Wide Shut.” Which reminds me of a Fed Open Market Committee.