Inflation canceled that, and now it's almost certain that Wall Street's summer is canceled, too.
That means Wall Street's fantasies of decamping to the Hamptons for the summer have shattered.
You can see why this tug-of-war will keep Wall Street on its toes and off Georgica Beach.
There is a certain set on Wall Street that does not get to "rosé all day" on Hamptons summer water when currencies trade that way.
The simplicity that Wall Street hoped for is one of the few options that's no longer on the table.
Persons:
—, Justin Simon, decamping, Jerome Powell, opportunistically, Jamie Dimon, Torsten Slok, Slok, Powell, we'd, David Lefkowitz, dory, McDonald's, Silas Myers, Wall, Zuck, Simon, they're, it's
Organizations:
Federal Reserve, Jasper Capital, Nasdaq, Hamptons, JPMorgan, Fed, Pepsi, Mar Vista Investments, Wall, Nvidia, Tesla, Microsoft, Meta, Apple, EU
Locations:
Georgica, Japan