No holding back. The U.S. Federal Reserve completed its latest Open Market Committee meeting on Wednesday. Virtually everything Chair Powell stated during his post-meeting press conference was widely expected and already known. This included the Fed’s explicit indifference to high asset prices. The stock bubble green light is officially lit amid the worst economic backdrop in nearly a century. What should we reasonably expect from here?
Stocks on fire. The U.S. stock market remains on fire. The S&P 500 had rallied nearly +50% since the market lows on March 23 through the start of this