The Palos Perspective: Inflation Flirtation or Long Boom? Long Boom

Bond traders have marked down drastically monetary policy easing by the Federal Reserve, setting the odds of a first move in June below 50%, while swap contracts are projecting fewer rate cuts than 65 basis points because economic prints are strong, beating expectations. It appears that the rolling recession in the industrial sector and in retail sales have turned into rolling recoveries.

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A Macro Market View by Hubert Marleau 

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