It’s your turn. You stated “Stockman is exaggerating.” Now, prove that he is.
You must know something far beyond the normal professional in Stockman’s line of business.
He needs your expert guidance to let him know just where he got it wrong so that he can send out a correction on his website. It’s wrong to let this glaring error be consumed and perpetuated by his followers.
I suppose in your rush to appeal to authority that you didn’t notice that Stockman didn’t write the article.
Even so, the article blames the belief in the PPT to conspiracy theorists.
The article is making the point that the FOMC influences the markets and it most certainly does, both up and down. The so called PPT, which doesn’t exist, is only supposed to influence the market in one direction.