Wednesday, June 10, 2020

Feds left the rates unchanged ...

which was expected, and markets stayed around 3200, again which was expected ..

so what's the problem ..?

teenies down 20% since NFP on Friday (literally 3 days ..!) ... bond market is not expecting a full recovery anytime soon; we have come from lowest unemployment in Feb to one of the highest in recent history over 3 months,while stock markets have shaken all concerns, so quickly.

& that's what makes the game so interesting ..!

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Feds announced the first rate cut of the year .. 25 basis points

Now go back and look for how many of the idiots talked about multiple cuts by now ..!