US mkt's overnight can be be described as marking time as tomorrow we'll all find out if the US Fed cuts rates by 25 bps or 50 bps? The mkt has a 70% chance of 50 bps cut happening.
Tell me, does this look like a mkt that needs a 50 bps rate cut?
It's all time high is 5,670.81 pts
It closed last night at 5,634.58 pts
Tomorrow the Fed makes history being the first time EVER that interest rates will be cut will mkt are basically at RECORD HIGH Prices. If that's not a measure of insanity then I don't know what is.
Finally, is it time for global liquidity to catch up to the equity market's hope.
Source: Bloomberg
or will tomorrow be the sell-the-news event as The Fed can't hide its fear of a hard-landing?
Happy Wednesday!
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