It's not hard to draw up a case for 25 bp November followed by 50 bp cut in December -The next two jobs numbers come in at more normal levels -Disinflation stays on track -Fed gets beyond the election - And another 75 bp this year to 4.125% still way above 2.9% assumed neutralIt's not hard to draw up a case for 25 bp November followed by 50 bp cut in December -The next two jobs numbers come in at more normal levels -Disinflation stays on track -Fed gets beyond the election - And another 75 bp this year to 4.125% still way above 2.9% assumed neutral
Market median fed funds rate for Sep-25 meeting has jumped from 2.88% on 16-Sep to 3.54% as of yesterday. I think most agree the market got way ahead of itself on number of cuts, but I can't help but think its getting ahead of itself on non-cuts.Market median fed funds rate for Sep-25 meeting has jumped from 2.88% on 16-Sep to 3.54% as of yesterday. I think most agree the market got way ahead of itself on number of cuts, but I can't help but think its getting ahead of itself on non-cuts.
BNP Paribas last week: “…reciprocation by China could be a c.15-20% EPS risk for many semis names." But I'm not sure the market is really pricing that in. Semis have faded the past few weeks, but still up a solid 22% YTD. And the biggest gains this year were when Trump saw highest odds of winning.BNP Paribas last week: “…reciprocation by China could be a c.15-20% EPS risk for many semis names." But I'm not sure the market is really pricing that in. Semis have faded the past few weeks, but still up a solid 22% YTD. And the biggest gains this year were when Trump saw highest odds of winning.
Loving this Post Season Pre-Post-Season baseball. 24 hours out from the start of the playoffs and the NL matchups are as up in the air as they were a week agoLoving this Post Season Pre-Post-Season baseball. 24 hours out from the start of the playoffs and the NL matchups are as up in the air as they were a week ago
Dikembe Mutombo has died at 58 following a fight with brain cancer. RIP to an absolute legend.
Alt: Dikembe Mutumbo shaking his head and wagging his finger.
BREAKING: Jack in the Box Announces 12-Unit Franchising Deal in ChicagoBREAKING: Jack in the Box Announces 12-Unit Franchising Deal in Chicago
Wow how long has that been there? I lived right there (the other side of Western) in the mid-to-late 2000s but that wasn’t there as far as I can remember
