The End Of Panic, Powell's "Cut That Saved Christmas", & Not Your Grandparent's VIX

There are seventeen bells left in 2025.

"We’re almost there," says top Goldman Sachs trader Brian Garrett, noting that Jerome will most likely deliver the “cut that saved christmas” this week but investor conversation suggests it will come with hawkish rhetoric.

Garrett remarks further it's hard to believe the S&P 500 is +17% ytd as most conversations remain focused on how difficult