Has inflation finally yielded the foreground to growth concerns?

If you haven't alread, throw out the old playbook. It no longer applies.

As long as the dip buyers keep trying to price in a "pivot", the Fed can keep hiking.

We are likely on the verge of the scariest part of this bear market, but the G20 meeting in November could mark the end of the bear.

Get ready for more wild chop these next few weeks.

The false "pivot" narrative has been obliterated, but hubris remains sky high.

The "inflation/rates shock" is over; now it's time for the "growth/earnings shock".

What a run the S&P has had off 3,650! In our view, however, the rally is likely over and the bear market which began in January is likely to re-assert itself.

There are some similarities between the price action we saw in the summer of 2008 and now.