The Hunker

MARCH 18, 2020. Centennial storms happen more frequently now. Thus the “once in 100 years” line is wholly meaningless. Canned goods are still good, and still canned. Katrina was tragic and also an apt analogy to our market, and now our economy.
The Ka Ka’s sharply hit the props when TV waves bow beneath the weight of canned policy verbiage from Capitol Hill and your closed library. That’s why Reed Hastings built Netflix.
Meanwhile, financial facilitation and relief thinking is said to be coursing on Capitol Hill. We’ll see. Much of what the Fed actually does exists below the media line. Only financial professionals even understand the repo market and Fed actions that maintain liquidity.
The fed’s doing those things. Yet banks and REITs are disastrous.
The Fed’s for real, but not alone. Being informed is essential, but bathing in “we’re making sure” isn’t. We’re watching closely yet shuffling in a dose of “the Hunker.” Continue reading The Hunker