What goes up must come… down? Right?! I seem to have been led astray in grammar school physics because this bull market knows no path but the grind higher. Today’s session was sponsored by the bad news is still good news reception of deteriorating consumer sentiment, a downside surprise in ISM Manufacturing, and of course AI. A raft of Fed Speakers kept things interesting with Waller’s speech on QT drawing attention for its bias towards short-term treasuries as the Fed looks to reassess its bal…
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