đ¨ STRONG JOBS DATA = NO RATE CUTS?
US jobless claims just came in at 207K vs 215K expectedâŚ
Thatâs not weakness thatâs strength. $ORDI
And hereâs the problem đ$NEIRO
The Federal Reserve doesnât rush to cut rates when the labor market is holding strong.
No stress in the economy = no urgency to print money.
But markets are already pricing in rate cutsâŚ
Thatâs the disconnect. $SIREN