‘The crash of 1987 was caused by a market melt-up during Fed tightening. The same thing happening now.’
The crash of 1987 was caused by a market melt-up during Fed tightening. The same thing happening now. No happy dance for FOMC:https://t.co/DDht7jDjCn"Markets have consistently front-run the Fed. That has eased credit conditions and could stoke an acceleration in growth." pic.twitter.com/vEhOMu1ozt — Mac10 (@SuburbanDrone) July 26, 2023 Last week saw the highest QQQ call option …