Better Dead than Fed

As you well know, Wednesday is the 6th (of 8th) FOMC Meeting of 2025, and it's a widely anticipated one, since Powell has all but declared a rate cut is guaranteed, and the only unknown is whether the (meaningless) cut will be 25 or 50 basis points.

For months now, equity markets have been stomping higher on a near-daily basis. The trend is utterly bulli…