Loading ...Interesting. ZH certainly does seem to have some knowledgeable writers, even if the spin is largely bearish. Whatever happened yesterday in the Repo markets doesn’t appear to have spread into this morning.
Believe it or not, I kind of like to see pm’s flat to down before a Fed announcement. Guess we have to look for a .25 cut and see what they say. If they do a .50 it will be a big surprise and I would think super bullish for pm’s. Interesting to see rates down the last couple of days leading into the announcement. If they do a .25 that could change…