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Anemic Volume, Crab Movement
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Looks like Wall St. is getting cold feet.
No price action because no one knows which way to trade and is afraid to take any big positions.
With the median futures-implied rate factoring in a 125bp reduction of the fed funds rate by end of year, you’d think markets would be more optimistic, unless they’re scared of the R-word.
And no, I’m not talking about Regard
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