timing as to when rate cuts might start is so so yesterday …
[[[[[ Investors have gotten comfortable with the notion that it's not about when the Fed will lower rates but rather by how much, and a delay - whether it happens in May like many were initially hoping or in September - ultimately doesn't matter" - Oliver Pursche, senior vice president and advisor for Wealthspire Advisors (per Reuters) ]]]]]
Now it apparently only matters by how much they are cut.
So, the next market moving investor shock will come with emerging realisation there will quite possibly be no rate cuts in 2024 imo … which kinda then swings back to timing, doesn’t it … doh.
EW, you are on fire of late … congrats for last night.
Dex
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