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<blockquote data-quote="Up In Smoke" data-source="post: 5421268" data-attributes="member: 79702"><p>In layman's terms the economy is more resilient than the Fed had hoped. They thought by raising rates and pulling money out of the economy, that inflation would quickly recede. Demand is high, companies are hiring and inflation persists. The market is a forward looking matrix and with no clear fiscal policy in place, they're shooting in the dark. Far more money is made in a down market.</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5421268, member: 79702"] In layman's terms the economy is more resilient than the Fed had hoped. They thought by raising rates and pulling money out of the economy, that inflation would quickly recede. Demand is high, companies are hiring and inflation persists. The market is a forward looking matrix and with no clear fiscal policy in place, they're shooting in the dark. Far more money is made in a down market. [/QUOTE]
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