Biden: American people and American businesses can have confidence that their bank deposits will be there when they need them

Put your emotions on low, were here to analyze and implicate strategy.

Yes, really. Digest the technical while considering sentiment and then try to apply strategy. Stop loss and take profit is a great place to start, however I'm sure you already know that.

On a side note, just like everyone here, Jerome has a job to fulfill. Powell's position is complicated but truth be told, this shit is just getting started...if Jerome pulls any moves remotely close to what the mighty Volcker did during his tenure, we're gonna need to make sure you stay away from bridges. Jerome is a HAWK because that's what the reserve currently wants, our policy makers and investors (retail investors) are always on board until retracement is requested, in this case higher interest rates. Everyone was partying it up when we were riding high, we range a little get some sideways and you start freaking out. If it ain't something I can trade, it's useless.

Lastly, it's without a doubt that our middle class grows thinner and thinner everyday but that's something far beyond our reach. Worry about what you can control, if we slip into a depression you'll have bigger problems than trying to figure out why our system is so corrupt.

Best of luck to you, stay alive in these markets as they can get cold at times. Heck, at times it even seems like the banks are out to get us. Real talk though - they don't even know we exist. Analyze it better next time, rinse and repeat. Stay alive!

Translation: White House and Fed were caught totally unprepared for what had the makings of a systemic event.
They panicked and resorted to the old tried and true way of dealing with things, turn on the fire hose of liquidity.
President Joe thanks all the participants and now wishes to go back to sleep.

Equity and diversity for ever.

Oh, and to those folk who place their full trust and financial future in hands of such able leadership,
perhaps those who keep preparing for a breakdown of this economic order, are not believing in so called conspiracy theories.
Might there be some truth in thinking that things are mighty screwed up?

Oh really.
How about that elusive investor confidence.
Just had an investor panic shortly after J. Powell was set on another 50 basis. He got all sorts of compliments in last week congressional testimony as to what a great guy he is and doing such a great job.

Hire incompetents whether at Fed or White House and see how long this shit show holds up.

As the blind leading blind is not durable. That is a core scenario to base sound decisions upon to preserve capital.

And as for what is coming, those who lose the least will survive an inflationary recession/ depression brewing