Mohammed El Erian said this morning that the Fed is letting the market bully it into submission.  Watch the opening  interview of last night's episode of  "Last Call" on CNBC  - the guest takes a much more direct approach that I won't repeat here for fear of retribution (better to stay away from politics, even if only repeating what someone on CNBC said).

    https://www.cnbc.com/video/2023/12/18/the-feds-pivot-on-rates-is-not-surprising-says-hayman-capitals-kyle-bass.html

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!