Inflation is transitory
Inflation has peaked
Two weeks ago there was talk of the next rate hike possibly being 25-50 and them starting to ease off after the October hike…. and now we have gone from a 100% 75 BPS to even possibly 100 at 30-40% odds currently going into next week.
These people have been wrong for 2 years and arguably are becoming an inverse Cathy Wood/Cramer type situation where whatever you say do the opposite.
After seeing this, I personally still like stocks but do not believe they will be changing their hiking aggression whatsoever no matter what they say because inflation will CONTINUE to be sticky until mid next year. They missed it all for reasons I won't get into
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