Back in Q3, markets were jokingly pricing in FIVE rate cuts. We previously anticipated only one. Now, we're revising our expectation to ZERO rate cuts. The surge of gold to new highs, the downturn in bonds, the 4.76% peak of the 2-year treasury note (a four-month high), alongside Exxon nearing its peak and the upward trend in commodities, all signal caution.
Zero Cuts This Year
Zero Cuts This Year
Zero Cuts This Year
Back in Q3, markets were jokingly pricing in FIVE rate cuts. We previously anticipated only one. Now, we're revising our expectation to ZERO rate cuts. The surge of gold to new highs, the downturn in bonds, the 4.76% peak of the 2-year treasury note (a four-month high), alongside Exxon nearing its peak and the upward trend in commodities, all signal caution.