Market Bulls Dying Death Of 1K Cuts?

As businesses tell Fed’s Beige Book they expect economy to “lose more steam”, WSJ notes Fed is on “Path for Another 0.75 Pt Interest Rate Lift”. Time for market bulls to exit stadium before more blood money spilled?

It’s getting harder to believe the optimists still calling for a “soft landing” next year. As mentioned, the “Fed’s contacts see demand ebbing over the coming year amid elevated prices and rising interest rates.” Frankly, the only price that seems to be coming down in my Sweet Home Falls Church is gasoline while a box of Cherrios can now cost over $7.

Nevertheless, the overly-diplomatic Fed Beige Book Report most recently presented another mixed bag of economic indicators that would require a ouija board to sort out. Some regional feds report dis, some report dat. Thanks for the conflicting insights. But, bottom line seems to be the bulls are dying a death of a thousand cuts.

Davd Soul