Good morning / afternoon / evening - please choose whichever one which best describes when ever it may be that YOU are stumbling across this weekends note… A rough week for all intents and purposes and now as we collectively kick back and enjoy a couple days off, well, the weather is somewhat less cooperative for those of us here in the NY metro area … Perhaps perfect conditions to sit back, watch 17 football games at once and pull up a PDF of sellside views which will seal the deal and most certainly put you right to sleep!
Agreed struggle is real. Some of the best in biz (BMO) stopped outta long (view) and tonight posting thoughts from Lacy Hunt — seriously a reason to pause and consider the slowdown theme, lower rates … listen to Lacy and I’ve gotta listen / watch again. Fiscal impact underestimated (transitory) once cannot let it fool me again … really important … did I see Biden gonna hot picket line (or is that false?) that would be yuge stance to take … but a fight we know admin wants. Not sure tbh how this plays out … struggling
I have to disagree with 3.5% 10 year at 2023 YE
I believe it will be above 4%, in a range of 4.30 - 4.75 %
I don't see the US economy falling off a cliff.....
Agreed struggle is real. Some of the best in biz (BMO) stopped outta long (view) and tonight posting thoughts from Lacy Hunt — seriously a reason to pause and consider the slowdown theme, lower rates … listen to Lacy and I’ve gotta listen / watch again. Fiscal impact underestimated (transitory) once cannot let it fool me again … really important … did I see Biden gonna hot picket line (or is that false?) that would be yuge stance to take … but a fight we know admin wants. Not sure tbh how this plays out … struggling
Great Read !!!!
Interesting to see how firms are Bullish on Bonds.............
I just listened to it.....
It's very interesting. I must listen to it, again. A lot there.....
My initial take from Lacy Hunt's commentary is that the FED should be Done. Is Done.
Hopefully, that's the case and we can "muddle thru", as Inflation decreases and we get the Soft
Landing and Rate Cuts, later next year.
Such a Great Discussion !!!!!
I hate to think about another 4 years of Biden/Harris......
Heaven Help Us !!!!!!!
If you haven't already, you've GOT to check out DDB interviewing Lacy Hunt on her YT channel, or HedgeyeTV on YT. 2 of the absolute BEST among us.