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Wasn't that already priced in?
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No. Clearly not. Markets need the clown's 'word' to be convinced of what You can see with Your own eyes
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Well, I do think we are pricing in substantial rate cuts and job losses/worst economy
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And the rising debt
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It's risk on environment, yes. I think You'll see moving money from record high MMFs now along the risk curve. Global liquidity is growing fast, too.
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The DXY is taking a nosedive and already at 100.7, looks like the market is pricing the cuts in.