Fewer and Later Rate Cuts? NAH.
The market has long gotten over it. Especially if it's because of a strong jobs market and economy in general that's causing some residual inflation.
The longer it takes before the Fed cuts, the MORE Ammunition Dry Powder they have to fight BEARS.
Strong Economy + Later Rate Cuts = BULLISH. Weaker Economy + Later Rate Cuts = BULLISH.
Market right now: Heads: I Win; Tails: You Lose.
BBUS, page-14304
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