Red Friday: A Little Dip and Already the Crybabies on Wall Street Are Clamoring for the Fed to Soothe Their Pain

by Wolf Richter
Wolf Street

But raging inflation is a political bitch, and the White House got the Fed to acknowledge it, and that changes the equation.

Stock markets closed at 1 p.m. today, and there wasn’t enough time to rectify this evil situation that has emerged on Black Friday, when stocks were supposed to be meandering higher on very low volume, driven by a few algos that would make sure stocks meandered higher to easily book another winning day and a new record high for the S&P 500 to keep the hype going.

But the sellers had arrived overnight while the buyers suddenly weren’t super-interested at buying at these ridiculously inflated record prices after the largest and fastest money printing scheme ever. And voilà. What everyone knew would happen someday, happened on this Red Friday, and stocks swooned.

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