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What a Long Strange Trip it's Been with Alfonso Peccatiello of The Macro Compass

RiskReversal Pod

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The Market Reaction to Fed Governor Jay Powell's Statement

Danny Cevallos: We're going to have to do this one without Guy Adami. He gave us what an hours notice or something like that. No emergencies. No one worries. He's all good. Well, you can put away your bingo cards right now because if you're playing bingo for us, you're going to lose,. You're not going to fill any cards. It wasn't too long ago that 50 BIPs was a dramatic hike, but let's just leave it at that. And I went and looked at the intraday, CME Fed Fund futures and it went from a 70% probability of 50 basis points to an 80% probability

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