Aug. 26 at 8:14 PM
$VIX $UVIX $NVDA CNBC Tom Lee responding to Chicken Little Wapner’s prodding says “If Trump causes confidence loss in the Fed’s independence in SEPT that’s risk-off and leads to a VIX spike and downturn” but that’s not his base case scenario / thinks NVDA could deviate from its recent sell post earnings pattern and soar, sees Fed as a positive SEPT catalyst. For me Bessemer and Lutnick factor heavily having previously saved Trump from earlier in the year Navarro pushing tariff-war credit market destabilization. Jay’s out next year and they’re adding 1-2 new Fed governors, why risk a confidence crisis, and no doubt Trump’s folks will have their same hopefully market-credible message “I’m committed to the independence of the Fed.”
