Dec 11 - Morning Reflections — Understanding the Move After the Coil Released

I’ve been dealing with a sickness the past few days, which has pulled me off the screens more than I would’ve liked. But the benefit of stepping back is that it sometimes allows the bigger picture to come into focus more cleanly than when you’re buried in it.

Looking at yesterday’s FOMC reaction and the overnight move with a little distance, I can see t…