Is the Fed Going to Let Risk Asset Bubbles Reflate?

The idea that the Fed would let like risk asset bubbles kind of reflate just is both confounding and stupid to you and me. Jay Powell speaks tomorrow. This is two days after, two trading days after that jobs report that's unemployment rate back to levels we haven't seen since 1969. And then all week long, we have a lot of Fed speed. I thought he had a huge opportunity to do it last week, given the rally we had seen into that. He took that opportunity to mention the word disinflation 13 times some see it. Other people say 11 doesn't matter. But something happened on Friday. You saw the early morning rip in equities. Then you saw the