Everyone is talking about the Fed pivot.
And it comes in three stages. The first Fed pivot is lower increments. They've been doing 75. Fed Chairman Jerome Powell said that they got to fight inflation.
Now it's a 68% chance or more of a 75 basis point rate hike. So stage one of the Fed pivot looks like lower increments.
Time is money.
So to me, talking about time is just like talking about money.
The duration of how long it's going to take for these Fed actions to crush demand and get the economy in a spot where they feel like inflation is under control, nobody knows.
The uncertainty has unsettled the markets. And now stock markets have been crashing.