Alternative Path

[gdl]

Fed mumbling was heard as mostly positive. They actually expect a 75 basis point drop this year. But listening to his speech inflation is still too high and only AFTER data shows a slowdown will they cut. Gee this speech can be heard a year ago. I guess the Huge spike in the PPI was a one off and the higher CPI also an anomaly.

Cross your finger gets. Market is as always hearing what it wants to.

Time is running out. All data going forward that disputes a rate cut will b amplified. We shall see.