Soft landing has definitely become consensus lately. I've been in the "no cuts in 2024" camp since December 23'..... but now that the sentiment has shifted so far into the higher for longer direction I'm starting to lean toward rapid cuts on the horizon --- and who knows, it could be before the end of 2024.
Soft landing has definitely become consensus lately. I've been in the "no cuts in 2024" camp since December 23'..... but now that the sentiment has shifted so far into the higher for longer direction I'm starting to lean toward rapid cuts on the horizon --- and who knows, it could be before the end of 2024.
👏
Thank you, Nik!
Thanks for the great analysis.