HHL, your morning posts are at least the equal of any commentary...

HHL, your morning posts are at least the equal of any commentary out there...free or paid for. Terrific.

One point though in your gathering of information, some is delivered as fact when it is not so but rather a reporters intrepretation of a number or announcement. This morning you state that it is now believed by traders that a interest rate cut is being priced at 100% certainty when this is not the case in the futures market.

February cash futures are trading at 85.89 thus 4.11% yield ie giving the probability of a rate cut around 65%.