MacroVoices #336 Charlie McElligott: Is There Another Shoe To Drop For Equities?
Macro Voices
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The Best Trade Is Fading Expectations of a Fed Rate Cut
One of the best trades that you see is fading expect ations of a spring of 23 rate cut, a fed rate cut. The market is still pricing in now somewhere close to 60 bips of cuts just later in next year. That's going to receive an equal and opposite impulse easing on the economy. What the market is telling you is a much bigger easing impulses will create down the road.
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