Bonus Quote of the Day

I sympathize with the following from Zero Hedge this morning:

“There’s something bigger going on here & the market’s refusal to acknowledge it can only be chalked up to the fact that we’ve become conditioned to seeing larger & larger bazookas unveiled by policymakers whenever risk assets endure a temporary swoon. This only engenders the possibility of greater disappointment….”

Like I said in this morning’s pre-market update: I think the market is looking to later this week when Jerome Powell speaks in Jackson Hole; expecting a .50% rate cut… 

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