SPY USED CARS
One of the things I look at is used car prices it was the first thing to take off when inflation started, it seems like prices are going back up. Inflation is sticky af right now and auto loan delinquency is making new highs. Credit card use is through the roof, people are broke but still have jobs for now. Banks are still not even close to being out of the woods. So why is the market stalling well the expectations for fed rates go as this…
May 3rd 2023: pause
June 14 2023: 25 bps cut to 4.50-4.75%
July 26 2023: 25 bps cut to 4.25-4.50%
Sep 20 2023: 25 bps cut 4.00-4.25%
Nov 1 2023: pause
Dec 13 2023: 25 bps cut to 3.75-4.00%
Per Charlie Bilello
Of course Powell keeps saying no rate cuts this year but fed funds futures say otherwise. Welcome to the year of confusion range bound market for sometime.
As always trade what’s in front of you good luck
May 3rd 2023: pause
June 14 2023: 25 bps cut to 4.50-4.75%
July 26 2023: 25 bps cut to 4.25-4.50%
Sep 20 2023: 25 bps cut 4.00-4.25%
Nov 1 2023: pause
Dec 13 2023: 25 bps cut to 3.75-4.00%
Per Charlie Bilello
Of course Powell keeps saying no rate cuts this year but fed funds futures say otherwise. Welcome to the year of confusion range bound market for sometime.
As always trade what’s in front of you good luck
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