The Powell Put Won't Save Stocks | Joseph Wang
Forward Guidance
00:00
The Fed's Greater Threshold for Pain
The odds that it will decrease another 20% are actually greater because these things compound and we have fat left tails. I just, I don't know where the pal put is right now, but I, it's not something I don't think they know either. It's something that you have to look at the totality of the circumstances, so it's not just equity prices,. You can have, say, credit, to rates, volatility, things like that. So it's, you can't make a blanket statement as to where the palPut is, except that it's lower, much lower than it is today.
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