The ECB hiked its key interest rate by 25 bp to 4% this morning.

Retail sales and PPI came in stronger than expected, boosting the US Dollar.

But nonetheless, stocks rallied, on the familiar refrain of 'soft landings'.

The spokesmodels were gibbering the usual bullish songs of selective dissonance.

Did I mention that there is a quad witch option expiration tomorrow?

Wash, rinse, repeat.

This November we will be remembering the 60^th anniversary of the first of the assassinations that set the stage for the decline of the American Republic.

How easily we close our unfeeling eyes and forget, drifting senselessly with the tides.

Have a pleasant evening

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