The Contagion of Probability Part 3

  1. The Fed tonight and in less than 3 weeks we have swung from the euphoric post G20 Trump/China 90 day tariff freeze funfest of SPX near 2,800 to the depths of doom Fed-must-never-hike-again-or-face-recession of the current level just above 2,500. That’s a nice -10% move lower right there, something that would have been unheard of only a year ago when the S&P500 barely moved more than 1% in a day. (Nice headline from 

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