Newsletter

The Rate Cut Everyone Wants—And the Recession Nobody’s Ready For

Closing Thoughts for the Week

The Rate Cut Everyone Wants—And the Recession Nobody’s Ready For

Key Takeaways * Rate-cut bets surged after delayed labor data showed softening conditions, pushing Treasury yields and the dollar lower even as weekly equity performance remained negative. * Market leadership showed visible strain, with tech—especially Nvidia—failing to rally despite strong earnings, highlighting valuation fatigue. * Policy visibility remains limited, with

lock-1 By Michael A. Gayed, CFA