For Now, Record Highs. But ‘God Knows What Tomorrow Brings’
…the warm, cozy feeling everyone gets from knowing the first Fed cut is just six short weeks away.
…the warm, cozy feeling everyone gets from knowing the first Fed cut is just six short weeks away.
“The QE-trade is back in a major way.”
It was a long time coming.
The only question for markets is “By how much?”
“Increased uncertainty.”
“Without a doubt, a June cut is trending higher, but not my base case”.
The lay of the land as the Fed looms.
“The Fed HAS TO be conscientious.”
“President Trump and his allies”…
To the rescue or out of ideas and ammo?
The ultimate irony is that just six months ago…
Contesting exaptation.
“Nobody can quite figure it out.”
Still cool.
“A double blow”.
“Look, from my standpoint”…
“Although it is a close call”…
“Risk-positive”?
“[It’s just] another important tool in the toolkit.”
“This is a major relapse”.
We may have been duped.
This will only make the easing calls grow louder.
If there was a message to be heard, it was received loud and clear.
Jerome Powell isn’t the only central banker who’s under pressure to “out-dove” a “doved-up” market.Â
We’re now witnessing a veritable mania in Fed cut speculation.
If you’re not excited, well, get excited.
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