JUST IN: US RFK Jr. withdrew from the presidential race, and the Trump campaign announced a special guest in today’s rally
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The Fed cut rates ✅ Ended QT ✅ A few dissenters ✅ Markets? Totally unfazed. S&P flat. Yields steady. Commodities and crypto asleep. And then — 2:35 PM. Powell drops one line that flips everything: “December cut is not for sure, far from it.” Boom 💥 Rate-cut odds crash from 95% → 65% in minutes. Stocks wobble. Yields jump. Traders scramble. Moral of the story? In markets, boredom never lasts long — and one sentence from the Fed can move trillions.
Moving from restrictive → supportive balance sheet policy. This is not QE, but it is definitely a positive development that provides a mild liquidity tailwind for markets. Source: Joe Consorti @JoeConsorti