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Black Smoke All Over
Black Smoke All Over By Michael Every of Rabobank We got black smoke from the Vatican and the Fed yesterday showing no new Pope and no rate cut. Yet in both cases, smoke doesn’t come without fire.  *CARDINALS FAIL TO ELECT POPE, BLACK SMOKE RISES OVER VATICAN Black smoke also rising above the Marriner Eccles building — zerohedge (@zerohedge) May 7, 2025 As our US Strategist Philip Marey put in in his FOMC review ‘Clueless’, “essentially Powell spent the press conferenc
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