Is the Fed Still Important?

Chris Harvey: Markets haven't had a chance to digest the impact of Fed rate hikes. We're playing for where are we going to be in 23 and people that are talking about a recession are not talking about one or two quarters in most cases, he says. The cost of capital has gone higher but fundamentals are still okay they'll get worse according to him. He doesn't think earnings make or break the market what earnings do is they call uh they start a rally as you pointed out before it's a rent not own type situation.