Markets are already pricing in a 25 basis point drop in the prime lending rate. Expect a short-term jump in the markets. This is like Hunter smoking a final bowl of crack before he’s sent to prison.
Hunter sent to prison!?! Ha ha, that’s a good one!!!
Aka, 'Dead Cat Bounce'.
Watch out, that falling knife is VERY sharp.
I think the market is pricing a 75% chance they were going to do a 50 basis point drop in September...unless they cut them now.