"Wooosh...Total chaos across markets as Putin's escalating global war rhetoric and Powell's nuclear bomb drop of 'higher for longer' rates smashed into extreme positioning, negative gamma, and low liquidity.
Chair Powell just announced another extreme interest rate hike while forecasting higher unemployment.
I’ve been warning that Chair Powell’s Fed would throw millions of Americans out of work — and I fear he’s already on the path to doing so." ZH
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