With Fed chair Powell signalling that he s comfortable with inflation being high for longer, a global rate cutting cycle is about to begin, and the markets are celebrating
The markets are pricing in a soft landing, rate cuts, the end of liquidity tightening, low inflation, no impact of geopolitics, no impact of climate change, no impact of trade wars and de-globalisation
The Dow Jones and S&P 500 rose as the Nasdaq 100 ranged. Treasury yields seem to be on the rise, with stocks eyeing Fed Chair Jerome Powell, FOMC Minutes and US retail sales data.