Hello fellow rebel capitalists hope you're well

Big news the stock market is down substantially

But if we look at interest rates they are down as well and keep in mind yesterday the Fed not only hiked rates by 50 basis

points but they increased their projections to 5.1%. That is basically the Fed predicting that they're going to get up to 5.1%

I don't know, 5.1. Why didn't they just go with an even 5%, but that's what they're saying the Fed

funds rate will most likely be in 2023.

The market has a slightly different opinion.

Let's go over to CNVC.

Early sell-off gains momentum with Dow losing 700 points as recession fears grow on Wall Street.

As of right now it's down about 600, something that so we'll have to all of this

story throughout the day but it makes a lot of sense I mean all these people that are

saying yeah the stock market's gonna go to the moon because the Fed's going to stop raising interest rates.

Yes, yes, yes, lower rates, lower rates, lower rates.

And then they wake up one morning and they're like, wait a minute here.

Why would the Fed stop hiking interest rates?

Oh, oh yeah, because we're going into an economic recession of not depression.

That's not good for stocks. It's like this finally dawns on them. What the yield curve has been telling us for, I mean,

months now, months and months and months and months and months and months. So maybe the market is just waking up to the fact that an

economic recession, if not depression, is actually bad for the stock market and bad for the

for the economy.

And therefore, that would lead you to believe that the bare market

far from over. But we'll have to wait and see, just a game of

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