Behind The Markets Podcast: Todd Thompson
Behind the Markets Podcast
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Is the Fed Really Going to Be a Node Landing?
When we got a bad PPI, that doesn't say much about the real and that just has implications for the Fed. That's why the market went down on the PPI but did not really go down on the few days that were following the labor market report. The one thing that's obviously front and center of the market's gripping with is they went from being almost a near certainty of pricing in some type of a recession to what they called a node landing. Is the real issue, I'm assuming the drawdown in M2, that will be one of the main gauges for the slowdown we expect to see.
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