We switch attention from Trump tweets to Elon Musk doobie hits. If you follow me on Twitter, you’ll occasionally see me rant about moral fiber. I’m not one to judge, but it completely throws me through a loop why Elon Musk thought his actions on Joe Rogan’s podcast were in good form. Especially now! Oh well! Back at the ranch, markets will be contending with what seems like two more rate hikes. Today’s macroeconomic data certainly seems to lend a hand towards moving in that direction. Robust job numbers were the theme of the day. Now one would be quick to think that the hikes will pressure the yield curve and then scream RECESSION. I’m not yet convinced of such behavior. I suggest checking the market. Join me for a quick explanation.
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