Is the Fed Going to Cut Rates?

I think the put is in the form of the credit markets. I don't want to say seizing up, but sort of showing some signs because it's clearly not the equity market anymore. It'll be the labor market shedding a couple hundred thousand jobs a month for a few months in a row with unemployment now quickly moving up into the mid to high force. My guess is the Fed reaction function will change. Jay Powell will go from uber-pockish to being a dove very quickly. By the way, I still believe in the Fed pivot and I still expect the Fed to cut rates this year.