Good morning … Overnight there was some good news from China where economic data was strong, IP rose 7% yoy vs f’cast 5.0% and ReSale Tales increased 5.5% vs f’cast 5.2%… Bloomberg: China’s Growth Bump May Dent Urgency for More Stimulus Economy seen as stabilizing but consumer demand remains weak
Never imagined what I considered Dumb-'Dot Races' between innings at the ole Ballgame (circa 2003) would have the masses of speculating Zombies (including Me) foaming at the mouth in 2024!
everybody talking about immigration as an excuse to revise their targets higher (10Y or FFR or NFP or GDP etc...)
September, might be more realistic for Rate Cuts to begin...
I'm growing more and more skeptical of a June Cut...
I don't think the Data will corroborate a Cut in June....
Never imagined what I considered Dumb-'Dot Races' between innings at the ole Ballgame (circa 2003) would have the masses of speculating Zombies (including Me) foaming at the mouth in 2024!