The anticipated “Goldilocks” disinflation continues and the media thinks it will last
What do you think? Do you think Contrary Cramer will finally be right about something this time?
Today the mainstream financial media are all over it. You can click the graphic to get the ‘Fed to start cutting rates…’ article at CNBC if you’d like.
Respondents see rate cuts and a soft landing in 2024. In my opinion, those two are fairly mutually exclusive. That is also the opinion * of this chart.
* Of course the chart and its producer could also be wrong. But the media stuff above argues that we are not.
Meanwhile, party on Garth, Wayne, Ma, Pa, Algo and Casino Patron alike! The seasonal rally has been expected since late October, it is here and it will either prove to be the launch pad to the happy soft landing pap the media are serving or something darker, that my chart and I are serving.
Cheers!
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