Markets sang a different tune this week. A massive hawkish repricing in yields and Fed expectations reset the rate cut goal posts again after Wednesday’s hot CPI and a deteriorating geopolitical landscape rocked the boat for investors in today’s session. But alas headlines only ever scratch the surface and in truth, there was no shortage of culprits for today’s choppy moves. We started the day with a series of earnings reports from US banks (more below), followed by a jump in Michigan inflation…
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