The Fed offered a ‘wild card’ for markets in the second half of the current

As inputs to the second part of the preseason of protected markets (^DJI,^IXIC,^GSPC), investor focus has shifted to the Fed’s stance on financial coverage. Jim Smigiel, SEI’s lead funding officer, trades his insights in the financial sector.

While acknowledging the resilience of the financial system, Smigiel warned that high interest rates will likely remain a challenge in the coming months. “We see that inflation has been more stable than expectations,” he says, “and that means if the Fed were to cut rates, it would probably be limited to just one for the time being.”

“The one wild card here is what the Fed will do,” Smigiel instructed Yahoo Finance. He believes a July fee scale reduction is “off the table” and a September fee scale reduction is considered unlikely due to the proximity to the elections.

For additional expert sentiment and unedited marketplace activity, click here to watch this full episode of Marketplace Domination.

This post was written through angel smith

video transcript

With a little luck our traders get ready for every other strong July to come.

The focus still remains on the Fed and the way forward for the second part of the presentation.

And now Jim S. Miguel SE can join us.

I, Jim, the well-known funding executive, saying goodbye.

Want to say goodbye again, Josh.

So we probably had some rough image.

Jim, you already know, we had a clearly strong first half.

Um, what are you saying to your clients, you know, do you think the good opportunities will continue?

Will we repeat this in part two?

We are allowing them to state indisputably that we estimate that the financial system has become much more resilient than we expected.

Uh, although we’re also preparing them for higher interest rates.

We’ve been thinking about this lately.

These have been two seemingly tough days.

Uh, obviously, there’s also a batch based on, uh, the outcome of the last debate and what that predicts for November.

However, our approach has almost always been, and it is certainly one of, our greatest strategic positions.

This prezen is for the upper 10 prezen charges.

I am heartless, we are seeing inflation becoming stickier than expectations.

The Fed wants to taper.

There is false indecision about whether or not they should probably do this later.

Although we guess this is the best gift we’ll ever get.

Uh, and we anticipate that tenure will continue to flow up to the 5% phase again.

We put in a lot of information at the last minute, possibly even from a debt perspective, uh, the debate was really on the point of the CBO document.

So you already know, there are 400 of us.

According to February estimates we are going to upload $400 billion in debt.

We are looking at 100 and 22% debt to GDP in the next 10 years.

Hobby prices overtake defense spending.

The image is not going to look good.

And provide some time and insist that it be a topic in the treasury market.

the story continues

When you talk about potentially getting back to that 5% level, what does that timeline look like?

How tentatively do you assume we mean the same thing?

We wouldn’t be surprised to see this because we mean tops currently.

So, you already know, the only wild card here is what the Fed has to do?

We hope we don’t age much between now and July.

July is off the table, and September will likely have little to do with the election.

So once again, they need to reduce their size.

Sooner or later the knowledge will allow them to do this remaining work to distinguish themselves.

We’ll get every other image of him, uh, this coming Friday with the, uh, NFP.

Uh, although it stein bears that we have differentiated within the curve, it is something that we expect to see moving forward.

Uh, so it could undoubtedly be through the fourth quarter of this presentation.

We are going to check those levels once again.

I want to ask you, Jim, um, another earnings season is fast approaching right here where I’m just looking forward to you enjoying it.

When you look at the profit expectations, do they seem achievable to you, Jim?

Do they look taller?

How do you keep this in mind?

I will give my full strength.

They give the impression of being slightly taller.

Umm, very creative.

Uh, I think earnings season will no longer be about how companies report their numbers, but rather how they report their numbers.

Are we talking about whether this is micro-control?

Is this spending control and buybacks to reach the volume that the Street has put on each individual corporate or are we actually experiencing an almost natural expansion?

And outside of all that, we’re really more concerned about guidance than profits, like how?

How are you? What are you?

How are companies about six months from now?

How are they preparing?

What do they see of the financial system broadly by age group?

What’s that heartless thing to a patron?

What does that heartless order say to the industry?

This will probably be the most attention-grabbing factor.

However the bar is prominent.

The bar is particularly prominent in the mech.

I am heartless, this is the place that is very, very high.