Last year, the event was held outside at Monument Mountain's track. However, four hours into the event, a microburst storm hit the track, destroying the event area. This year, event organizer Ray Gardino told The Berkshire Edge they are not taking any chances and will hold the event indoors.
My concern is that the Fed will begin to gain comfort in the functioning of short-term interest rates, then decide to reduce the balance sheet just before a shock coincides with less liquidity and super-high stock valuations.
If they do cut rates this afternoon, I’m growing convinced that the Fed will be one-and-done, and there will be an extended pause before we see any new action.
