88. Bad news is good news as tone deaf investors bet on rate cuts contrary to The Fed’s loud warnings

  Welcome back to Milkshakes, Markets, Madness. Additional weekly content, including a Monday “Peek at the Week”, a Midweek Update, and the NEW “Madness Edition” series, are all available exclusively on the YouTube Channel. If you are new to the show please read the LEARN MORE section which follows the show description and chapter timestamps further below. On our website there is an embedded video above and an audio player at the bottom of the page RATE CUT CONTRA As the fourth quarter marches on, and the end of the year grows closer, this week felt like an early exclamation on the year. Investors have been waiting for signs of a pivot and this week’s price action seemed to imply that they finally got the message. Although, one could argue that the market simply heard what they wanted to hear. Both stocks and bonds rallied big on the news of another Fed pause and after disappointing employment data. The 3-days between the two announcements showcased the biggest 3-day moves all year for multiple assets, including the best 3-day rally in bonds in a dozen years. It was also the worst 3-days for the dollar in 2023. Correlation or coincidence? Brent Johnson and Jon Kutsmeda breakdown the data and discuss the markets reaction, including why investors seem to be tone-deaf to what the Fed is actually saying about the potential for rate cuts. Who wins in this game of chicken, the frenzied front-runners or the fit-to-be-tied Fed? Time will tell, but let’s hope it isn’t a head-on crash. These stories and more on the latest Milkshakes Markets Madness Show. https://youtu.be/sYRMlieMfcU ————————————– FULL-LENGTH EPISODE 52 (November 05, 2023) ————————————– The full-length episode is a weekend release that dives deeper into the biggest themes from the prior week. Expect longer discussions and video playback times of over 30 minutes. *** More information about Milkshakes, Markets, Madness, and the hosts, can be found after the chapter timestamps below. *** ———————- RATE CUT CONTRA Season 01, Episode 84 ———————- 00:00 – Full-length intro 00:26 – How to navigate our channel 01:13 – Off to the races 04:22 – Walking back the bulls 08:51 – Dirty laundry Dollar Event Horizon: https://youtu.be/X39yT9O0EFI 10:44 – Fed deaf markets 14:45 – Familiar Fed fopaux 18:21 – Weak dollar perpetuates the system 21:03 – Employment data reaction 24:14 – Mixed messages from Gold Fed Pause Pump: https://youtu.be/wrdlOSNc58A Bitcoin ETF Insiders: Fed Pause Pump: https://youtu.be/RnfWqkJHfrw Gold Price Pullback: https://youtu.be/sdOrdD-gti8 27:45 – Conference anecdote 30:31 – Brent’s final thoughts / Wrap-up 31:14 – “Wolf of Wall Street” outro