The Fed Really Doesn't Know What It's Doing (11/3/22)

(11/3/22) After an initial surge following Wednesday's Fed Meeting, markets took a dive with Fed Chairman Powell's hawkish remarks that inflation has not yet abated, and more rate hikes are to come. The result was The Most Volatile 90-Minutes in Market History; there was nothing good in Powell's comments, and with lots of cash held by managers that needs to be put to work before year's end, tumultuous times are to come. Twitter is set to fire half of its employees on Friday, a consequence of going private and needing to become profitable quickly. Mattress Mack places another bet on the Houston Astros winning the World Series. Jerome Powell holds the line until something breaks, and then he'll "fix" it with the same tools as last time. Looking for new Godzilla movie; Rents is a driver of inflation; Powell has gotten it wrong every time, with CPI and PCE favored metrics; Powell is missing the turn in the data. Remember, the Fed doesn't know what it's doing. Markets are re-calibrating post-rate hike; where are Dollar, VIX, and Bonds going? Numbers to watch: Jobless Claims: How accurate will they be? SEG-1: The Most-Volatile 90-Minutes in Market History SEG-2: Mattress Mac's Astros Bet; Powell Holds the Line SEG-3: New Godzilla Movie; The Fed Doesn't Know What It's Doing SEG-4: Markets Are Re-calibrating: Be Cautious of the Numbers Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Portfolio Manager, Michael Lebowitz, CFA Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: -------- Our Latest "Three Minutes on Markets & Money: "Powell: It's Okay If the Fed Breaks Something" is here: https://www.youtube.com/watch?v=rDsASyehyyw&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1&t=1s -------- Our previous show is here: "Stock Buybacks Don't Really Benefit Investors" https://www.youtube.com/watch?v=1UAEaCOFMvA&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe -------- Articles mentioned in this podcast: "Economic Stagnation Arrives As "Sugar Rush" Fades" https://realinvestmentadvice.com/economic-stagnation-arrives-as-sugar-rush-fades/ -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #FederalReserve #JeromePowell #InterestRateHike #Inflation #VolatilityIndex #MattressMac #HoustonAstros #WorldSeries #Twitter #ElonMusk #Godzilla #TopGun #Markets #Money #Investing