Tofu FuturesAs always, when the market pumps the stock market, they also pump commodities.
The commodity pump won't show up in PCE or CPI numbers until at least a month from now, so don't get too bearish too soon. We'll get the ES1! and NQ1! gap fill first.
I see no rate hike in May then we get rebound inflation because of the market pump so another hike in July. That's my guess for now. the Fed can't let the market go parabolic again because these idiots keep pumping commodities with the stock market.
I'm pretty sure the bond traders are wrong as far as their rate cut projection, I think even the Fed Dot Plot is underestimating peak interest rate, but you gotta go with the market direction for now. Bullish on the market for next week.
