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A big gap between S&P earnings and price … the Toxic Trifecta are back on the move north … everything is recalibrating except stocks … catch the replay of last night’s AI event with Luke Lango
Allison Schrager deserves credit for saying the Fed does not have a better crystal ball than anyone else. But this is true even if the Fed doesn't release the dot plot.
Fed policy is reactive. Markets are proactive. This explains the difference in projections for the path of short-term rates.
The USDCAD pair continues to run higher amid strong US data. What’s next?
The GBPUSD pair bounces on a key support level. What’s next?