Markets Now Sniffing Out a March Rate Cut!

Powell has (finally) admitted the Fed is on pause, laying the groundwork for cuts in early 2024

Highlights

• Boring bonds are perfectly positioned to outperform overvalued equities 

• Retailer reports show weakening demand and falling prices 

• Powell has (finally) admitted the Fed is on pause, laying the groundwork for cuts in early 2024 

• Leading Canadian labor market indicators are flashing red