Thur, 11 Jun -- Are You Not Entertained!, page-107

The Federal Open Market Committee’s (FOMC) Summary of Economic Projections indicated the Fed expects a steep 6.5% contraction in real GDP in 2020, with an unemployment rate at 9.3%. However, policymakers expect real GDP to rebound by 5.0% in 2021, with the unemployment rate dropping to 6.5%.

In its monetary policy decision, the Fed projected interest rates would remain near zero through 2022 and telegraphed that its pace of asset purchases would remain at minimum at the current rate.

We all new this would be the case.

The above translates into "Serious recession"

ATH's, and "serious recession" really don't belong in the same sentence.

From the FED's own mouth... they expect this to take until at least 22 to work through....

So its still time for caution.....