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 count since wave 'a' in early February.
Which confirms this wave count: pic.twitter.com/iFjfPKvT4q
— Mac10 (@SuburbanDrone) July 26, 2023
Traders "ALL-IN" buying Calls (chasing the rally). pic.twitter.com/1vIPvZdJJW
— Macro Charts (@MacroCharts) July 26, 2023
The Fed: The economy is working.
The economy: pic.twitter.com/HTVZJusEJl
— Not Jerome Powell (@alifarhat79) July 26, 2023
Real inflation is INSANE in 2023.
Everyone is struggling to buy homes and even groceries 🚨🚨🚨
Compare 1980 vs 2023 😳 pic.twitter.com/Wdy6coDtfK
— Wall Street Mav (@WallStreetMav) July 25, 2023