from ZeroHedge:
By Michael Every of Rabobank
Blinkers and You’ll Miss It
New week. New month. New quarter. New brains. New trades. New hope. Or “New balls, please” as they say at Wimbledon.
I don’t have the physical energy to play tennis with markets on an every-other-day basis, sending a detailed volley back at those who think the Fed is about to pivot because of one bad datapoint. That doesn’t mean the UK government can’t though – they just did exactly that on tax cuts.