I Like To Move It Move It

The day started out great.

I would not have thought it would unravel by so much, although we do have an hour and a half to try to take the 1.5% swing back.

I think the bad news is good news trade might have more staying power if the news was telling us that the previous rate cut was not the last cut and that another cut was on the way. Here the debate is whether or not there will be another hike, a pause or no hike.