We are in transition now. Impulse still pushing through while Fed wakes up to the realities of new supply/ demand dynamics. The Fed reminds me of a novice surfer looking out at the coming wave and wondering how early to paddle and how steep the drop will be. Or they could have just missed the best wave and are looking to see if the next set will be so big that the whole break closes out on them.
We are in transition now. Impulse still pushing through while Fed wakes up to the realities of new supply/ demand dynamics. The Fed reminds me of a novice surfer looking out at the coming wave and wondering how early to paddle and how steep the drop will be. Or they could have just missed the best wave and are looking to see if the next set will be so big that the whole break closes out on them.