Happy Talking.
It was a fourth straight week of higher stock prices with markets in a sweet spot right now as recent data has shown that growth is slowing but still positive, corporate earnings and outlooks are proving to be very strong and disinflation may have slowed, but it has not stalled.
This is also a market that once again seems to be happy talking itself into the idea that the Fed is going to cut interest rates in the not-too-distant future (a first cut in September and then another one sometime before year-end is currently the futures market’s best guess). Fed officials are sticking to the script…
The skinny
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