MACRO
The Federal Reserve Is Deflating Financial Bubbles, Without a Crash
The Fed hasn't had much success so far in wrestling down sky-high inflation, but its monetary tightening campaign is having a major impact in deflating asset bubbles that swelled during the pandemic.
The cryptocurrency market has shrunk by more than two-thirds; Investor-favored technology stocks have tumbled by more than 50%; Red-hot hou...

On Wednesday morning, The U.S. Treasury yield curve recently inverted to a point that hadn’t occurred since the early 1980s.
Ark Invest's Cathie Wood took to Twitter on Wednesday to slam the Fed for leading the economy potentially into a recession with its inflation focus, ignoring that the inverted yield curve is often seen as a red flag that a recession is looming.
"Typically, an inverted yield curve is pointing to a recession a...