Hope Is Trying To Supplant Pessimism Today

Seeking Alpha | Oct 9, 2019 at 11:50 AM
  • The 1.5% drop in the S&P 500 and the deterioration of US-China relations and the prospects of a no-deal Brexit failed did not carry over much into today’s activity.
  • By moving up the plumbing announcement, it frees up the October meeting for a monetary policy decision.
  • Between the soft PPI, (the 1.4% headline is the lowest in four years, and the 2% core rate is the lowest in two years), falling equities, and Powell, the odds of an October rate cut rose to almost 85%.