Friday's rally priced in the rate cut. Now it's back to uncertainty regarding Powell. The dollar reacted the most on the news and tanked. Futures spiked down then rallied now down again. Agree on the stagflation part. The evil tariff's are still out there but seem to be forgotten. It's a clusterf**k
Totally agree w all of this. Though I would argue that steadily increasing costs due to tariffs, and the high rate of bankruptcies are going to bring back that discussion pretty quickly too.
No doubt. I thought a few months ago that September October would be gut check time for the markets. Right now Trump is hated with the exception of the financial markets. He can't call a tanking market fake. That's his kryptonite.