Summer’s here again. The Fed is not staying tight this time, but the shorting propaganda is noisy and all over the place. I don’t see fuel prices being successfully held down for tourism and recirculating debt, yet, though, as in the last two summers. Besides, tourist destinations put a damper on their hopes for big revenues this summer by passing more gun control laws and other socialist outrages.
Never can tell for sure, but the fluctuations and general upward trend in the funny markets might continue until after rates are hiked (maybe next year or more likely the year after). Then, for sure, it’ll happen.
BTW, there are already fire bans on in the West, as the drought continues (besides the opportunity to pop tourists for big ca$h in fines). No outdoor cooking, no recreational firearms discharges, etc. Huge numbers of police extras are out in huge numbers to get their part of the revenues from traffic violations, any sign of legalized drugs (see drinking, domestics, etc.), drinking, yelling, anti-government/sexist comments and so on.
Enjoy the tourism slide.
I’m going to Texas for July 1-5...then I’m just staying home like normal.