Afternoon Note

In the 1984 movie classic “The Natural,” Roy Hobbs, played by Robert Redford, steps to the plate in the final game, riddled with injuries but still belts a majestic walk-off home run into the stadium lights.
Today, Kevin Warsh steps up to the plate, and folks on Main Street and Wall Street are hoping he hits a home run, although in recent years the market has struck out on the first day for new Chairs.
First, we’ll get a look at the FOMC statement – three things we need to learn about right away.
I’m pumped about the Warsh Era.
I’m covering this on Making Money – a historic day.
| Comments |
| He's still going to be in the Wall Street pocket. I'd like to think we have a Main St person in any of these agencies, however, once in, the system corrupts them to bend. John Reynolds on 6/17/2026 1:21:33 PM |
| Warsh will remind the Fed to be more responsive to Main Street but many of the existing Fed members won't get it and will continue to sleep in the bed they have made. We need a few more new members of the Fed that understand supply side economics. Mike Mayone on 6/17/2026 1:26:20 PM |
| Probably not at this time, the evil specter of Powell will still be present Karl Kuenzel on 6/17/2026 1:43:49 PM |
| Great commentary every time. Wish it was more ‘Phone use friendly’ print is too small’ Eugene Sutter on 6/18/2026 7:31:01 AM |
| The net effect of his leadership will be more neutral leading to a more volatile market that will be more inclined to seek its own course. If you are bullish, then you will be pleased as will main street. Clint on 6/22/2026 9:52:52 AM |
| Tweet |
| 7/31/2026 2:12 PM | Amazon Carries the Tape |
| 7/31/2026 9:44 AM | TOO SMART FOR HIS OWN BRITCHES |
| 7/30/2026 1:33 PM | All Eyes on Apple and Amazon |
| 7/30/2026 9:39 AM | THE WASHOUT GETS UGLY |
| 7/29/2026 1:13 PM | Warsh Fed on Deck |
| 7/29/2026 9:31 AM | A GOOD WASHOUT |
| 7/28/2026 9:33 AM | MARKET LOOKING TO REBOUND |
| 7/27/2026 1:23 PM | Mixed Monday Market |
| 7/27/2026 9:44 AM | Market Looking to Rebound |
| 7/24/2026 1:18 PM | Jensen Sets the Tone |
| 7/24/2026 9:44 AM | MAG SEVEN CAN'T WIN WITH INVESTORS (FOR NOW) |
| 7/23/2026 1:22 PM | Thursday's Tangled Tape |
| 7/23/2026 9:39 AM | THE SPENDING CONTINUES AMID SIGNS OF PAYOFFS |
| 7/22/2026 12:59 PM | Alphabet On Deck |
| 7/22/2026 9:31 AM | MARKETS BOUNCE AHEAD OF BIG EARNINGS RELEASES |
| 7/21/2026 1:19 PM | Solid Rebound |
| 7/21/2026 9:29 AM | MALAISE SPREADS |
| 7/20/2026 1:27 PM | Earnings Season Heating Up |
| 7/20/2026 9:01 AM | Another Bite at the Apple |
| 7/17/2026 1:18 PM | Beyond The Narrative |
| 7/17/2026 9:18 AM | MORE CHIP CARNAGE |
| 7/16/2026 1:25 PM | Looking Under The Hood |
| 7/16/2026 7:07 AM | MOMENTUM IN THE WRONG DIRECTION |
| 7/15/2026 1:25 PM | Hyperscalers Watch |
| 7/15/2026 9:36 AM | RATE HIKE FEARS FADE |
| More commentary archives | |
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