Dow gets over 40000 again, S&P solid over 5000. Oh happy days.
Story today is the lowest cpi reading since 2020. Inflation is going down. Even while food prices keep going up. I know, but bacon…..prices are increasing still but at a lower pace. Fed is gonna hit hard with a .50 basis point cut instead of the .25 cut is the talk around town. Let’s see if we see further exuberance in the financial markets as we get close the Fed announcement. A 25 bps cut won’t move the needle much, but .50 cut could get us going again. Let’s goooo.
50 BP would actually be interesting, especially if they follow up 6 weeks later with another cut.