Another decline in fed balance sheet was met with a 1% stonk market rally.  Trying to predict short term stonk market reactions to changes in the fed balance sheet is a losing game, but the longer term points to a decline.  It's nowhere close to the drawdown of 2019.  

Psychology makes 32 feel like a new high, but it really is 13% below the peak & halfway to most of the bottoms.  People are intentionally buying at the halfway point now & biting at any sign of easy money returning because they've seen 20 years of the same inflation fighting bullshit.

 There's a definite pattern of the stonk market reacting to a hawkish speech, then thinking it over & buying back.  The big news last week was Europe bringing back easy money to keep up with Russia's rising energy prices, so the stonk market sees the Pow doing the same.  They're calling it yet another one time printing.  

The government can't afford low inflation.

It was a cooldown indeed, only hitting 106 outside & 99 inside.  

The lion kingdom has finally set to the task of tracking down all the restrooms near its normal routes.    This would have averted many disasters over the last 20 years.  There are still dead zones.