Good morning … NOW we know and while Global Wall’s reaction was, as always, funTERtaining — more from them and the inbox below and in a moment — let us rip the bandaid off and begin …
Where's the Snark lol? Appears everyone's happy I think Fed's mission is accomplished and they did their JOB: keep elite fat cats happy, along w/the JOYous party. Seems obvious the FOMC would prefer the OrangeMan NOT return to the WH. We certainly wouldn't want any GS or Chicago school of Econ alumni to be uncomfortable :)
Gundlach: The Fed’s “Recalibration,” 75 bps of Rate Cuts in ’24 and Portfolio Positioning Post-Cut
https://youtu.be/HRYryMNiEt0?si=TNN1Z8pZcDjwI2t9
Bond Market: Twists
Stock Market: Shouts
Where's the Snark lol? Appears everyone's happy I think Fed's mission is accomplished and they did their JOB: keep elite fat cats happy, along w/the JOYous party. Seems obvious the FOMC would prefer the OrangeMan NOT return to the WH. We certainly wouldn't want any GS or Chicago school of Econ alumni to be uncomfortable :)
Is NY in play for Trump ???
https://youtu.be/p0qf1wdzueI?si=ddgDhO2Y6lZRhL_h