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 |
| 9/16/2026 1:19 PM | Setting the Stage |
| 9/16/2026 9:37 AM | WILL WARSH BLINK? |
| 9/15/2026 1:39 PM | Tough Tuesday |
| 9/15/2026 9:39 AM | DOOMSDAY POSTPONED |
| 9/14/2026 1:23 PM | AI Slowdown, Yields Surge |
| 9/14/2026 9:56 AM | AI DOOM DOMINATED THE WEEKEND |
| 9/11/2026 1:23 PM | Staging a Rebound |
| 9/11/2026 9:41 AM | Monumental Tech Momentum Decline |
| 9/10/2026 1:20 PM | Choppy Action |
| 9/10/2026 9:32 AM | CALLING BESSENT'S BLUSTER |
| 9/9/2026 1:34 PM | Busy Wednesday |
| 9/9/2026 9:35 AM | Al KILLER TRADE IS BACK |
| 9/8/2026 1:09 PM | Mixed Start to the Week |
| 9/8/2026 9:21 AM | SHORT WEEK BUT LONG WAIT FOR CPI |
| 9/4/2026 1:28 PM | Taking Some Momentum Out |
| 9/4/2026 9:34 AM | THE STAGE IS SET |
| 9/3/2026 12:59 PM | Yields Inch Lower |
| 9/3/2026 9:29 AM | IS SMART MONEY BUYING? |
| 9/2/2026 1:37 PM | Wednesday Winds Back |
| 9/2/2026 9:15 AM | MARKET EDGING TOWARD PANIC |
| 9/1/2026 1:24 PM | Yields and Oil Weigh on Stocks |
| 9/1/2026 9:35 AM | STEALTH FISHING IN BIG NAMES |
| 8/31/2026 1:22 PM | Monday’s Market |
| 8/31/2026 9:33 AM | ASSESSING WARSH – DID SOMEONE SAY THE BAND IS GETTING BACK TOGETHER? |
| 8/28/2026 1:39 PM | Jackson Hole Day |
| More commentary archives | |
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