"It would have to be a really bad CPI report tomorrow to make the market pare back expectations for a cut this month"

Chynaaaa...

Markets are stuck between encouraging signals from China and disconcerting geopolitical developments.

...small caps slump, yield curve jumped; crypto ripped, gold & oil dipped...

"If we get a surprisingly hot number, you can expect pricing to come back more to 50-50"

...jobs, jobs, jobs!

“Any political or budgetary misstep could punish France much more severely on the markets.”

...despite the hawkish tone, odds for a rate-cut next week improved...

"It is hard to see an end to US exceptionalism any time soon, which we think remains the playbook into 2025"

55th record high of the year for S&P 500 as Korean chaos trumped by dovish FedSpeak...

"The market still expects the Fed will cut rates"

Policy-error, much?

“There’s certainly a political instability and the securities, the French government bonds, are pricing that instability”

...'bad' data, 'good' news...

“We were talking day in and day out about trade tensions in 2019. What happened?"

...gobble, gobble!

“We’re risk-on for now, but things could change.”

...dollar up, crude down; crypto dumped, yield curve pumped...

“We’re just seeing the start of the volatility and the volatility is going to continue as the rhetoric continues,”

...yield curve inversion screams Fed 'policy error'...