Ann: Management Change, page-425

Fed U turn is no saviour. History shows that's when the real party starts - a collapse in risk assets as liquidity crisis bites. Fed U turns after making a mistake, so you are looking forward to the mistake - not a good strategy. Sure you might get a green day or two but its going to rope in a lot of poor suckers.

Another way to look at it - Markets have historically moved up with inflation, provided inflation doesn't rise too fast. Some of the best gains have been during high inflationary periods (TINA). Markets tend to fall during falling inflation, and a rapid drop in inflation (signalling deflationary bust) has caused enormous sudden drops in the market. It's easy to get confused here because people will now associate low or no inflation with a rising market (what happened in 2020, 2021 and most of 2010s), but in order to get to low or no inflation, you need falling inflation first (alarm bells should be ringing!)

To conclude, a fed reversal / put is only a saviour to markets if its not during a deflationary bust (TINA kicks in). But the fed will NOT reverse unless there is a deflationary bust.

Just my opinions, which are usually worth around about 2 cents so they say, so that would be 5 DW8 shares.