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Stocks May Face Come-To-Jesus Moment In US Jobs Report
Early this week, I suggested US equities might be disquieted by a backup in rates in the event yield
Another way to look at it – if one thought market pricing for six cuts was implausible, that created elevated expectations risk, and as market pricing for cuts declines, that risk declines. If market pricing moves all the way to no cuts, that may create expectations opportunity.