"Markets pricing in the most cuts since 2008."@marketdesk via @MikeZaccardi pic.twitter.com/qIUTMQymi8
— Daily Chartbook (@dailychartbook) August 10, 2024
This is where the bull shit hits the road.
This entire week's global rally was based on the widespread belief that the BOJ has paused permanently. However, the majority of economists in Japan expect rates to continue rising THIS year:
BOJ Watchers Keep Rate Hike Views… pic.twitter.com/fpaMxbVT7D
— Mac10 (@SuburbanDrone) August 9, 2024
Are rate cuts bullish? No.
Is the worst over? No.
Can Wall Street be trusted? No.
The chart of the week:
"Not this again!" pic.twitter.com/ArMnkGs4vS
— Mac10 (@SuburbanDrone) August 9, 2024
Round 3: Everything Implosion:t.co/QnqtHuac5t pic.twitter.com/lxGQllq2yF
— Mac10 (@SuburbanDrone) August 9, 2024