agip wrote:
the inflation nowcast is plunging...it thinks the current PCE inflation rate is just 1.5%
nice to be able to buy bonds paying 4-5% with an inflation rate under 2%.
Seems that a fed rate cut is obviously going to happen soon.
Markets counting on Sept. rate cut, and as data is coming in that supports that likelihood, small caps in particular have benfitted and rallied. Big tech - not so much.