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Strategy For A Crucial, All-Important Week
New week, same debates.
The sparse color on offer Monday trod familiar ground as traders and investors eyed a crowded data calendar that includes an update on the Fed's preferred price gauge. Who's excited?! Pretend, ok? You have to pretend.
It's possible, I suppose, that market pricing for the Fed in 2024 could recede such that traders no longer expect three full quarter-point cuts. We're dealing in hypotheticals here so I won't dwell on the point, but that'd be a watershed if it were to happ
You are just such a funny, punny guy.
Besides, just amusing yourself, I’m probably not the only one that laughed quite a lot.
Can you comment on short term rates with regard to the dwindling reverse repo facility and the “treadmill” that the Fed is now on with $7T (up from $2T in 2017, per WSJ this AM) of short term T-Bills that are constantly in need of refinancing.
Well, there’s a reason the Fed’s going to stop QT this year.