🤔So if the market is pricing in expected rate cuts now and rallying hard in anticipation of said cuts before hand. What will the market then do when said cuts actually begin?. Since Powell said at least three cuts will be done this year and the market has already priced in those cuts and more. Judging by how mindless the market has been regardless of the fundamentals and reality on ground Wall Street simply don’t care. They’re only about keeping the market pumping so when the cuts begin, it’s just going to be another excuse to keep the rally going.

Powell better have a good exit strategy for this market shenanigan he and his cohorts has been edging on. Cause there’s no way in hell this all ends in a fairy happily ever after. And one don’t even have to be an expert to see it from miles away.