Sorry for the Reddit and Twitter links, but this meme is old, at least two years old, and the watermark for the creator of this seems to be from @johnhackerla on Twitter who seems like someone I wouldn’t trust with monetary policy.
I’m not sure which day the stock market was like this in 2022-2023 but I assume it was during the period where the Fed was trying to manage a “soft landing” coming out of the Covid pandemic and avoiding a recession.
What is the context of this picture??