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Good to hear. US 10 year bond at 3.76 tonight. That is a huge sudden move.
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Which central bank makes a statement first? US or Japan?
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US. If BOJ backtracks that quickly it will scare the shit out of the whole world.
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Good point. That would be the quickest pivot in history. Fed will probably try to jawbone the market if it is really volatile this week.
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You probably know by now that I'm a crazy conspiracy theorist. My latest is that Powell didn't cut because it would have looked political so close to the election. If he moves to save the global financial system, who can blame him? He can cut 50 basis points and pump up the market before the election.
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Solid theory.
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Oh yes just a follow up test from her surgery in June. Doc says she is healing a bit slower than expected but otherwise all good.