That makes sense, that would help explain the Fed cutting while jobs numbers are still 'robust', without going into the quality of the reporting...
If the Fed is going to YCC, I suppose we're all going to have to be ok with completely obscene government debt in 2025...MMT to come back into the headlines.
Your thesis on MHAGA certainly seems reasonable in this environment. Let's hope we see $5+/lb copper this year.
NWC Price at posting:
1.8¢ Sentiment: Hold Disclosure: Not Held
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