Markets pricing in the most cuts since 2008…. BOJ rate hike + Fed rate cut = a major risk-off event!
"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 …