A mistake is not the end

The cyclically-sensitive CPI deflated -0.4% MoM and has declined now for four months in a row. The YoY trend in the prices most sensitive to shifts in the economy is now running at –1.1% from -0.9% in May and +2% a year ago. How can Powell not be “confident” by now?? The Fed

The market bulls are feeling good but when they come on bubble-vision to say this is an earnings-driven rally, they are completely out to lunch. If this was all about earnings growth, the S&P 500 would be sitting at 4,800, not 5,600+. It’s mostly about FOMO sentiment, momentum,

Why because he was a president that did nothing of significance.

The recent step up in the markets implied probability of a 50 basis point cut this week, rather than 25 bps, has made it the most likely outcome in traders’ opinion. It was not a function of new data or a changed view of the Federal Reserve’s risk mitigation mindset. Rather, it’s

I’m not sure why traders feel that the fed will lower rates by 50 basis point cut. This would only scare the markets into thinking the economy is slowing faster than previously thought.