Yesterday’s The Plodding Fed report remains highly relevant, but for now you can just skim through the work on the Fed basing its decisions on questionable data. We need to focus on why we remain bearish on equities. This will expand on the work covered in Worse Than Adult Swim and Earnings & The AI Story. This report is a quick update on our fears for the market, which are playing out in real time. We believe that figuring out how these risks play out will be crucial in determining the bottom of this sell-off. The carry trade and the ... Margin Call Monday