Playing Both Sides A few weeks ago, the Fed finally acknowledged the dual mandate at Jackson Hole and signaled what we have been anticipating for months: the start of an easing cycle. We have long argued that the Fed has been over 100 basis points too restrictive, and the data continues to confirm that view. … Continue reading “Don’t Count the Staples Out” Stock Market (and Sentiment Results)…
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“Don’t Count the Staples Out” Stock Market (and Sentiment Results)…
Playing Both Sides A few weeks ago, the Fed finally acknowledged the dual mandate at Jackson Hole and signaled what we have been anticipating for months: the start of an easing cycle. We have long argued that the Fed has been over 100 basis points too restrictive, and the data continues to confirm that view. … Continue reading “Don’t Count the Staples Out” Stock Market (and Sentiment Results)…