Jonathan Bates retweetledi
Fed cutting interest rates will have dual positives of:
- lowering interest rates, particularly mortgage rates could fall (spread to 10Y)
- boosting biz confidence as ISM below 50 for a record 31 months
This is why a Fed cut in Sept will be supportive of equities, particularly small-caps $IWM and financials $XLF and crypto $BTC $ETH
Great speaking with @andrewrsorkin @BeckyQuick on @SquawkCNBC today
@FundstratCap @fs_insight
Squawk Box@SquawkCNBC
“I think it’s important for the Fed to intervene,” says Tom Lee of @fundstrat after last week’s jobs report: cnb.cx/4mfUlTO
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