Alternative Path

[gdl]

The rolling acceptance of delayed rate cuts. From 6 to 3 to ???? INSANE that anyone thought a GDP of over 3%, surging jobs, wage growth was going to cause the FED to lower rates? The desperation on the part of Wall Street to believe in cuts here seems to be dismissed as if their concern has no real backing to it. it does and no one wants to see it. Like a Pandemic coming to our shores. But that might take time to understand and i am afraid the street will not be crashing on anticipation of 6 months down the road. they will need absolute proof that the profit train is getting derailed.

So maybe it will take absolute proof and a wakeup call that it already happened. That scenario implies early next year. Me i can never understand the obstinate stance on what will happen. Heck 5 weeks after an announced pandemic? But for now, the street will find excuses to put inflation behind them.