More investors are betting on a 50 basis point Fed cut this year. All feels very 07ish but on a much bigger scale. Jamie Dimon of JPMorgan said that a downturn could happen within 6 to 24 months.

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Can’t even look at the news anymore without the blood boiling. All this talk of the economy teetering like it’s ’07 all over again, big bank bosses like Dimon muttering about crashes coming any day now, and there folks sit, staring at paychecks that barely cover rent and groceries. Gas is dirt cheap for once, sure, but trucks still guzzle it while bills climb anyway. Kid’s school supplies? Forget it, families skip extras some days. Wall Street hotshots bet futures on rate games while workers sweat every shift, wondering if jobs last till Christmas. It’s the same old crap. They get bailouts, regular people get the boot. When does it end for guys just trying to scrape by?

Lenders keep credit taps loose like they’re invincible, but First Brands’ September bankruptcy with its $6.1 billion debt pit whispers a lender pullback storm, big banks bunkering cash while corner garages shutter doors.





Open interest for Secured Overnight Financing Rate (SOFR) call options, which trade on Fed interest rates falling to 3.50% by year-end, jumped to 926,000 contracts, the highest on record.

This suggests the market is pricing in a 75 bps of cuts from the current 4.25%.

Open interest for SOFR call options on this bet has TRIPLED since July.

In other words, investors increasingly expect at least one 50 bps rate cut at either the October or December Fed meeting.

Is the Fed set to cut rates more aggressively?