Is SLR a complete dud?, page-38

PoG stabilized this week and sentiment started to pick up with RMS+6% and RED+11% on Friday . Friday’s Job number doubled than expected however mainly part time jobs added and full time well paid jobs slashed.. markets ignored the ‘great’ numbers and bounced back to session highs- credibility lost after calling wolves time after time.

Now with bond yields still at highs and a weakening job market, fed has lost its doomed from beginning war against inflation. IMHO the hike cycle has ended and Fed has lost control over inflation and became irrelevant, it will be soon forced to start cutting or QE in the upcoming election year, after then…welcome to hell.

This could be the bottom and we should see some fireworks in the PM sector soon.