US financial conditions are very easy compared to Fed Funds...
Too easy? Bear in mind what the FOMC said in the Minutes on Wednesday: "Several participants mentioned the risk that financial conditions were or could become less restrictive than appropriate, which could add undue momentum to aggregate demand and cause progress on inflation to stall." Could this lead the fed to keep rates higher for longer? How long will the market be able to shrug off high rates and higher bond yields? Source: www.zerohedge
Market Breadth continues to look strong!
More than 72% of sp500 stocks are now trading above their 200D moving average. Source: Barchart
The nasdaq doesn't care about rate cuts expectations.
The Nasdaq (green line) continues to move higher despite rate cut expectations (red line) moving down... Will the gap get ultimately closed? Source: Bloomberg, www.zerohedge.com
JUST IN: Reddit converted its excess cash into Bitcoin $BTC and Ethereum $ETH
Source: Barchart
To the Moon: Intuitive Machines successfully landed its Odysseus lunar lander, at 6:11 p.m. ET on Feb. 22, making it the first privately (non-government) built spacecraft to achieve this feat.
The US hasn't had a moon landing — manned or unmanned — since 1972. Source: Bloomberg, HolgerZ
U.S. equity risk premium has fallen to its lowest level since the aftermath of the Dot Com Bubble.
This is the premium that investors receive to compensate them for taking on additional risk in the stock market instead of treasuries. Source: Barchart, BofA
This chart shows the market pricing of a rate cut over the next three FOMC meetings.
March probability = 5% (was 80% at the start of the year) May probability = 29% (was 100% at the start of the year) June probability = 67% (was 100% at the start of the year) Source: Bianco Research
Extreme Greed returns to the stock market!
Source: Barchart, CNN
