The market is not exactly screaming its excitement at The Fed’s rate-cut, especially bank stocks…
The market is still demanding 1.5 more rate-cuts by year-end…
Bonds (at the long-end) are rallying, along with the dollar and gold very marginally…
The long-end is rallying hard…
As the short-end sees yields rise…
With the yield curve flattening dramatically…
And stocks are down…
If stocks plunge here, Trump will slam Powell for not hiking 25 bps
— zerohedge (@zerohedge) July 31, 2019
Get back to work Mr. Powell
via ZeroHedge News https://ift.tt/31gfvIn Tyler Durden