This meltup-type action suggests risk-aversion is being penalized and expected rate cut(s) could end up being used recreationally rather than medicinally.
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Sectors of the market that had been celebrating easier Fed policy since Tuesday's mild CPI reading disgorged gains.
Laggards that are also plays on near-term rate cuts stood out. Today also saw a pretty strong bid in Treasurys, compressing…
Investors ask whether a 2% dip from a record high has been enough to skim away some market froth and set the rally on firmer…
Investors want rate cuts to occur in a steady economy — as "insurance" or "normalization" cuts, not a rescue effort for flagging…
The other issue is how much of this anticipated friendly scenario has already been built into market prices.
In-line pricing data was paired with what appeared to be another sign of labor-market softening.
