Pundits claimed the market had already built in the 75 BPS increase. Okay. So yesterday the market rallied, supposedly because Powell did not have any unpleasant surprises (100 BPS). But today, futures are down again...

Saw some talking head on some show I was watching, probably om CNBC, griping that 8 unelected bozos have too much power over the economy. Well, if what the Fed does, or does not do, affects the market so much then explain the market tanking pre-market AFTER the Fed effects have been built in. It's not those 8 unelected bozos so much as it is the ONE unelected clown in the White House! Was satisfied to see Joe Concha pronounce that Jimmy Carter is now officially the second worse POTUS of all time...