All quiet for Presidents Day
NAB Morning Call
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The Equity Market Is Telling a Different Story to the Bond Market
The equity market is definitely telling a different story to the bond market. And an equity market still, you'd have to say pricing in that kind of Fed pivot kind of talk. But just worth noting when you look at Fed funds pricing, a lot of that pivot pricing has been priced out. So although very strong US economic data, we had very strong retail sales,. There are still those anecdotes coming through that do suggest maybe there is some underlying witness there.
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