Dow — Feels Like 1966, Baby!
Is this a knock on the market, or a knock on the Federal Reserve and the inflationary track we’ve been on since the end of Breton Woods in 1971:
I’m going to select “both”.
I’d love to recreate this graph and make the vertical access non-logarithmic. I think that would really show how far inflation has caused the two curves to diverge.
Hat Tip: The Big Picture