The Magnificent Seven: A Late Cycle Pivot Trade

People believe you buy stocks when the Fed starts cutting. Then why are you buying stocks when the yield curve is inverted? It doesn't make sense to the opposite. The only thing that's changed, we came into the year, July was going to be the rate cut. We're getting the last hike potentially in July. Now the first rate cut. That's what? Six months later. Everything it feels like has been just suspended or pushed off for six months.

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