The Market: The Ketchup is Finally Out

Nick Timiraos recently compared monetary policy to hitting a glass ketchup bottle. Well, the ketchup (US recession) is finally out - Powell's appearance in front of Congress was the final hit.

Discussion

On Wednesday March 8 The WOTE wrote the following post titled “Powell Just Napalmed Financial Markets” (And the S&P 500 still doesn’t get it. Yet.):