Posted by DigiNomad on 11th of Jun 2024 at 10:18 am
Market can try and act sly - pretend it's somehow hurting - but
it's a tough sell with all the money sloshing around you're not
likely to get everyone playing dead for even a day. GS says that
there is a "Wall of money" due to hit the market in early July.
Hard to act injured pre fed when there are walls of money to
front run!
The Fed 100% wants to cut, but the Executive branch and
administrative state put them in a bad position with clearly
massaged data that no one can admit is clearly massaged. The only
way I see that they project cuts tomorrow is if they call BS on the
Gov jobs data and say they are going by the private sector data
instead...which I don't see happening.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Market can try and act
Market behaving like a teenager that's been throwing wild house ...
Posted by DigiNomad on 11th of Jun 2024 at 10:18 am
Market can try and act sly - pretend it's somehow hurting - but it's a tough sell with all the money sloshing around you're not likely to get everyone playing dead for even a day. GS says that there is a "Wall of money" due to hit the market in early July. Hard to act injured pre fed when there are walls of money to front run!
The Fed 100% wants to cut, but the Executive branch and administrative state put them in a bad position with clearly massaged data that no one can admit is clearly massaged. The only way I see that they project cuts tomorrow is if they call BS on the Gov jobs data and say they are going by the private sector data instead...which I don't see happening.