The Two Silver-Linings…
The two silver-linings:
1) Wall Street is concerned about slowing economic growth, but that said the odds of a double-rate cut in September just spiked. (Fed-funds futures now see a 71.5% chance of a 50- basis point cut at the FOMC’s September meeting)
2) WTI crude futures fell below $74 per barrel on Friday, the lowest in 2 months.
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