Alternative Path

[gdl]

Hold the presses! Powell just announced inflation stubbornly high and deflation stalling. Wow what an observation! Translation: forget about it! Rate cuts this year seems like a very wishful dream. Wait till it starts to back up and drum roll…. It must be already seen by the Fed for this announcement today.

The real estate bets housing bank gambles borrowing costs etc. will cause a shock as the roulette wheel jumps to a stop. What number will come up?