, Columnist
Powell Will Need a Horror Show to Cut Again: Authers' Newsletter
Markets can now eat, drink and be merry — provided there’s no recession.
No recession sighted.
Photographer: Mark Wilson/Getty Images
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Every so often, I make a good call. It’s nice when it happens. So I start by drawing your attention to the final two sentences of yesterday’s newsletter: “Could this be the point when Powell tries to stake out his hawkish credentials once again, and stock market day-traders, mugs though they are, show they have at last learned to anticipate this and price it in? We will know soon enough.”