Pavlovian Response.
…even as most folks seem wary of the nascent bounce off the May swoon.
…even as most folks seem wary of the nascent bounce off the May swoon.
It hasn’t always been easy being Jerome Powell over the past year.
“Risk-positive”?
“[It’s just] another important tool in the toolkit.”
“This is a major relapse”.
“Our position has not changed.”
If there was a message to be heard, it was received loud and clear.
“We are once again forced to chop our forecasts”.
“Oh I don’t think they will do that.”
We’re now witnessing a veritable mania in Fed cut speculation.
“The risk is that this inability for the Fed to keep pace with market pricing could create a de facto ‘hike’.”
If you’re not excited, well, get excited.
“The investigation into FedEx will be a warning to other foreign companies.”
Witness the spiraling nature of conflict.
Nobody should be surprised by this.
Things have taken a wholly unfortunate turn into month-end.
Suddenly, we’re back in the teeth of the global slowdown narrative.Â
It’s now exceedingly difficult to ignore what bonds are trying to “say”.
This is probably more about the signaling effect than anything else.
“The mood is definitely for action.”
It’s too hot to go out, but too nice to stay in.
“It is more likely than not”…
Let’s be clear: It is impossible to estimate the impact of an all-out trade war on equity prices.
These are the bad times.Â
And capital control whispers are getting louder.
“…even if global economic and financial conditions continued to improve.”
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