The Fed has pivoted only twice - 1975 & 1976 - with the Fed Funds rate below core PCE inflation. In both cases, unemployment was over 7.5%. Both pivots were short-lived.
The last time the Fed pivoted with core PCE (currently 4.9%) more than 1.2% above the funds rate was never. pic.twitter.com/Uh82qTFgj9
I've been over on the politics threads blowing off steam.
I think I'll be back here when the SP500 is over 3800ish.
See you then!
High Alert!!!
With an afterhours rally, and futures currently showing 0.65% uptick, we can infer that the market close of 3,783 for the S&P 500, which would put us at an implied open of about 3,808 - above your target at which you would honor us Dogs of the Dow with your insights and esteemed commentary.
So sleep well and we'll see you in the morning, Agip!
I've been over on the politics threads blowing off steam.
I think I'll be back here when the SP500 is over 3800ish.
See you then!
High Alert!!!
With an afterhours rally, and futures currently showing 0.65% uptick, we can infer that the market close of 3,783 for the S&P 500, which would put us at an implied open of about 3,808 - above your target at which you would honor us Dogs of the Dow with your insights and esteemed commentary.
So sleep well and we'll see you in the morning, Agip!
"I think the Fed should not pivot and I don't think they will pivot. There are some elements of the market that don't believe that, and I think the markets are making a mistake."