And so we are back – bad news is great news.
A dismal ISM print followed by an even worse construction spending data has sparked a renewed hope that things are just shitty enough to force The Fed to cut cut cut more than Powell would like to admit.
Nevermind, it was terrible enoughhttps://t.co/uu2D7elrGF
— zerohedge (@zerohedge) August 1, 2019
Stocks are loving it…
Bond yields are collapsing…10Y is back at 1.94%
The yield curve is collapsing…
And the hawkish surge in the dollar is unwinding…
What a farce!!
via ZeroHedge News https://ift.tt/2Ke3LPy Tyler Durden