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Bond Blowup Continues As Stars Align For Nuclear Selloff
The underlying message is that the US economy isn’t just in fine fettle, it’s on fire.
That's from SocGen's Kit Juckes, out Thursday morning, and it underscores the notion that Wednesday's ADP and ISM data betray a U.S. economy that is, as we put it, "a screeching tea kettle".
"Fed Chairman Powell acknowledges that the funds rate is likely to get above ‘neutral’ (i.e., above 3%) at some point, albeit slowly", Juckes goes on to write, before adding that while "the Fed is following the d
