by ZeroHedge News Staff at ZeroHedge
‘Good news’ was definitely ‘bad news’ this week as US macro data generally surprised positively…
Source: Bloomberg
…with both growth and inflation surprises soaring…
Source: Bloomberg
Not exactly the kind of data that supports a dovish Fed and the market has notably reduced its expectations for rate-cuts…
Source: Bloomberg
Interestingly, the ‘Trump Trade’ actually survived pretty well this week (Republican policy basket vs Democratic policy basket)…
Source: Bloomberg
But, Powell’s comments were a giant rug-pull for the market over all with all the US majors having a horrible week…
…Nasdaq’s worst week in the last ten…
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