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Doomberg Adam Taggart Herb Greenberg

Mentored by @BillCara

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Show Notes

Summary of the day

What a circus the Financial markets are. We all hold our breath to extrapolate the musings of one organization and one man. People are making careers off reading Jerome Powell’s tea leaves. It’s just one big magic trick to distract while they attack, like Naruto’s most powerful ninja spell, the “SEXY JUTSU!”

2pm ET headlines read, “S&P 500 retreats as Fed says it’s not quite ready to cut rates”

Most notably he said he would cut rates early if he sees our asses getting fired. Backward world huh? Now the C suite will have to weigh:

* Rollover short term debt at 7% rate

* Or fire people and get the lower rate

We finished at the lows.

And this morning the real big news not getting it’s deserved coverage was $NYCB. Two big