The biggest news out on Wednesday was two FOMC members making their case for no hike in June.  This language and timing is no accident. After 500bps of 10 consecutive hikes the effective Fed Funds rate is at 5.08%: Of note, Core PCE, the Fed’s favored inflation gauge is below 5%.  Historically, this is when … Continue reading “Skip or Flip” Stock Market (and Sentiment Results)…