This morning, US government criticism of both Federal Reserve Chair Powell and the institution itself has broadened to include "mission creep" and the effectiveness of other officials. The developments of the last few days reinforce my view: If Chair Powell's objective is to safeguard the Fed's operational autonomy (which I deem vital), then he should resign. I recognize this isn't the consensus view, which favors him staying until the end of his tenure in May. Nor is it a first best, which is simply not attainable. Yet, it's better than what is playing out now – growing and broadening threats to Fed independence – and will undoubtedly increase should he remain in office. As to market reaction, most of the frequently mentioned candidates to replace Chair Powell would be able to calm any potential market jitters. #economy #federalreserve #markets

What’s the lowest life form you believe is capable of experiencing consciousness?

For those that watch the @theallinpod, you may remember that my most obvious trade idea heading into Jan was long the S&P Index and short the Mag7. Aka the “Mean Reversion Index Trade” Turned out to be free money. Very rare that the market gives you these kinds of fat pitches.