Market Ka-Mauling This was the week when – like Biden’s dementia – economic weakness became too much for the mainstream to ignore and while Powell hinted at cuts to come, the market demands more (again) and stocks won’t be satisfied until they get them. Source: Bloomberg “Growth scares” now dominate the narrative (maybe growth’s demise is not so ‘transitory’)… Source: Bloomberg …as Kamala overtakes Trump in the prediction markets… Source: Bloomberg The economic weakness prompted the market to bet large on bigger (and sooner) rate-cuts – now pricing in 116bps of cuts in 2024 (and 100bps more in 2025)… Source:… — Continue at ZeroHedge News : Read More
