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Macro Observations
As it stands right now, the Fed Funds futures market is pricing in roughly three rate cuts by the end of the year, starting with the first cut in June. That’s a more dovish stance than we saw just a month ago when the market was leaning towards just
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High Yield Spotlight
At The Wrong Time
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Leaders-Laggards
Few.
Weekly Signals
But For How Long?
Closing Thoughts for the Week
The Fed Is Behind The Curve Again
Macro Observations
It’s Just Slower & More Controlled This Time
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There Are No Gurus, Only Cycles
High Yield Spotlight
But The Long-Term Is Questionable
Leaders-Laggards
Risk-Off Is Still In Charge