Luke Kawa
@LJKawa
The OG tattooed golden retriever. Proud mini-poodle papa. Rocking chair enthusiast. Markets @sherwood_news. Personal feed.
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In fact I believe this is the first day since at least February 1997 (as far back as my data goes) that the S&P 500’s change was 0 out to three decimal places and the advance-decline line was no greater/less than +/-5
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JPMorgan’s commodities team:
“For the first time since the start of the Iran conflict, we don’t have a baseline view. We simply don’t know how to model the endgame.”
Via George Pearkes @bespokeinvest:
“FOMC sees highest upside for real growth relative to current baseline *since at least October 2007*!!!!”
“Timelier” = “we’re not <really> trying to slow growth”
This was indeed unprecedented:
30-year Treasury yields have never been up this much on a Fed decision while two-year yields fell this much, based on data going back to August 1987.
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.@RenMacLLC: “Why not a hike now?”
“If we have learned anything since June, it is that inflation will not soon return to 2%.”
