Bullish stock traders are an increasingly rare breed after underwhelming April economic data dampened belief in a sustained stock rally tied to China’s post-Covid recovery.
more saying that i don t know what the data looks like. he said he s data dependent. we had june about 2/3s of the data miss expectations. july we had most of the data versus the last reading go negative, 70% of it. so the data allowed for it but doesn t allow for more. look at the yield curve. the inversion came out of the yield curve prior to this rate cut. we were flat this morning. we were negative one. it hasn t moved. stocks are getting hit. the inversion is gone and hasn t reinverted. this is good medium term for the market. there s one to two more cuts this year. all right. emily larson, you know this inside and out. the yield curve that you hear an analogy too. shorter term rates were catching better figures than longer term rates. that generally press as slow down or worse. that doesn t appear to be the issue right now. in washington, how is it falling out? is there a sense here that usually when you see a cut, six