Yesterday morning we joked that every time Janet Yellen opens her mouth, stocks dump. Well, it wasn’t a joke, and as we repeatedly noted today, while Jerome Powell was busting his xxx to prevent a violent market reaction – in either direction – to his “most important Fed decision and presser of 2023”, the Treasury Secretary, with all the grace of a senile 76-year-old elephant in a China market, uttered the phrase… YELLEN: NOT CONSIDERING
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