X @Easy

Market sell off in preparation for Jackson Hole Friday.Markets are essentially pricing in hawkish tone.In the most basic form of verbiage- Markets think rate cuts are no longer a guarantee for September- Powell speaks Friday, if he hints at all at no rate cuts. Market is front running the move, thus the sell off.- If Powell comes in soft and leans that rate cuts are likely, we turbo rip.If there are no cuts for September however it’ll be an ugly 4-6 weeks until we have clarity for October potential cuts.Mar ...