Good morning and now we know … we just yesterday witnessed the moment in time whereby the narrative shifted (again) from when not IF TO IF, not when. WSJ Timiraos: Fed Rate Cuts Are Now a Matter of If, Not Just When Central bank officials started the year with the wind seemingly at their backs. No more.
Nat WEST's expecting the Bottom to Fall Out, regardless of which lovely creature 'wins' the WH 'contest', and their debt-promised stimulus to follow. I'll gladly take the Orange Man over Dark Brandon, but both'll need a HIGHER debt ceiling in the near future....
Listen to Powell's boss, President Biden, for cut timing ;)
Ouch !!!!
Great summary........
Nat WEST's expecting the Bottom to Fall Out, regardless of which lovely creature 'wins' the WH 'contest', and their debt-promised stimulus to follow. I'll gladly take the Orange Man over Dark Brandon, but both'll need a HIGHER debt ceiling in the near future....