We’re now halfway through an August that has been anything but sleepy. Though if the OOO bounce backs are any indication, particularly in conjunction with the VIX closing back below 15, we’re certainly on calmer footing heading into the back half of the month. ‘Reassuring’ is the word I continue to use to describe this week’s economic data (inline CPI and PPI, robust retail sales), but truthfully it feels rather apt considering two weeks ago we were hearing calls for an emergency 50 bps rate cu…
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