A short and rare late night rant from me.... Ya. I didn't forsee this hawkish Fed hike. Especially with core cpi at 2.4%. Yet, there is no immediate impending inflationary doom. They could have waited 6 wks post election. Would not have mattered. No question this hike and another one will hit sentiment and reduce odds of a strong R showing in mid-terms. The center of economic and financial power has moved West and resides with the tech crowd. IE Top 10 US billionaires are US tech. Tradfi Wall St/DC guys now small and less relevant in comparison. Influence and power is shifting. Was very obvious at the All-In Summit I attended in LA that the US economic leaders 10 years from now are the Gen Xers who were in that room. All futurists..imnovators..space, robots, ai, autonmous vehicles, crypto/blockchain etc etc. Liquidity funds exploration. Was Warsh ever really on board with that thesis? Was he ever truly supportive of the Trump agenda? Strikes me there is a Trojan horse component here but for whose interests I don't know. The East Coast traditionalists? What do they want? To remain relevant? Who knows. Warsh would not have been appointed had he originally told Trump that his first move 6 wks before mid terms would be a hawkish hike. Bessent seems fully behind the Trump and the futurist agenda in every regard. If he were Fed chair, would he have hiked 6 wks before an extremely contentious election? I doubt it. Oil move has been enough of a negative liquidity shock and now there is a pile on with this newly aggressive and poorly timed Fed posture. Feels like stock mkt about to get bumpy. The higher the mkt goes the greater justification the Fed will have to hike even more. Mkt weakness will not be able to reverse Fed policy unless it becomes severe and dire... and timing could not be worse to attempt this experiment now.