The bull market believers have everything they think they want. An easy path to an easier Fed, gain without much pain and another AI spending wave to ride.
The stock market’s resilience shows how hard it is to dislodge an entrenched macro narrative affirmed by longer term asset price trends.
Another wobble to start a new month.
With the Fed signaling that interest rate cuts may be on the horizon, what does that say about the state of the economy?
