I asked the Tent a few days ago whether this is the biggest canary in the coal mine.

https://finance.yahoo.com/quote/BLK?p=BLK&.tsrc=fin-srch

Lower lows and lower closes, everyday, INCLUDING TODAY, since 2/17/2022

11/12/2021 high: 973.16

2/24/2022 close: 731.79

 

The big money is what will drive the Fed.

Not too long ago, we were asking: 5 rate hikes or 8?

Today, in the shadow of the Russia-Ukraine crisis, the question is back: will the Fed raise rates at all?

https://www.marketwatch.com/story/russia-ukraine-puts-10-u-s-inflation-on-radar-as-blackrock-repeats-central-banks-may-have-to-live-with-inflation-11645565763?siteid=yhoof2

GL