Today's Post - https://bahnsen.co/3T43

A second positive day in markets and one with a little more conviction than yesterday, with the SP500 notching a new high. Powell gave his second day of testimony to Congress. Lagarde at the ECB held rates unchanged at 4%, although he did tilt the scales more toward assuredness that inflation was lower and June was the base case on when rates start to move lower. I have more conviction in the US waiting until June with growth forecasts in the mid-2 % range than I do the ECB, given GDP forecasts in Germany are a tenth of that at .25%, but we shall see. Higher debt levels lead to lower growth, lead to lower rates – rinse, wash, and repeat.

Links mentioned in this episode: