Everything is waiting for certainty but i dont think we will get it. The fed would like a scrap of certainty about what they will do later this year. This is bloomberg surveillance jonathan ferro, Lisa Abramowicz and annmarie hordern. Jonathan live from new york city this morning, good morning, good morning, the third hour bloomberg surveillance begins right now. Bank of americas home here in midtown manhattan. Your equity market is a little bit softer. If i could capture the last two hours on this program in a word, is bullish the word . Lisa i dont know if its enough, its quite bullish. Its really quite optimistic. The ultimate question is does this challenge the idea of restrictive and can it continue . What will drive the next leg it will not be nvidia which we saw yesterday and that was the. Jonathan lets go through this piece by piece and what it could mean for the bond market. What the bond market is telling you and what the equity market is screaming is the equity market so far
To paraphrase a successful senior jockey – good riders don’t need instructions and bad ones don’t follow them .
I note this in the wake of another messaging own goal coming from Racing Australia in a seemingly bizarrely timed Good Friday eve statement announcing an amendment to the Rules of Racing in relation to riding instructions.
This is the one that cemented jockeys only receive riding instructions from a trainer or owner of the horse they are riding.
Again in seeking – in RA’s own words – they didn’t want jockeys to be confused by receiving “conflicting riding instructions”.
Where did this come from? Where were the serious concerns raised, discussed, tabled and wrapped into this change? Which were later written away as merely formalising a “chain of command”, if you can get your head around that.