Yesterday’s Fed meeting offered something for everyone.
For bullish investors, the quarter-point rate cut provided a clear signal. And the Fed is just about done with its quantitative tightening.
But for the bears, Powell doused expectations that a December rate cut was 100% on the table.
The odds of a rate cut declined substantially after Powell’s speech, but is still the odds-on favorite. (Source: Polymarket)
For now, we expect a rate cut, more market liquidity, and strong conditions for what we’ve been calling a “terrifying bull market,” – driven not by fundamentals, but by fear of missing out.
~ Addison
P.S. Today on Grey Swan Live! we’ll explore the rise of Trump’s economic nationalism and what it means for U.S. military readiness in the years ahead. Joining us is John Robb — our go-to analyst on the geopolitics of Trump’s tariff strategy, the global networked intifada, and the evolution of drone warfare in Ukraine.
A former consultant to the Joint Chiefs of Staff, John brings firsthand insight into how autonomous weapons and AI are reshaping modern strategy.
With markets rallying on optimism over a U.S.–China trade deal, he’ll pinpoint the next global flashpoints — and the investment opportunities emerging as technology transforms the defense industry.
Join us live Thursday, October 30, at 2 p.m. ET — sign up here if you haven’t become a Fraternity member yet.
If you have any questions for us about the market, send them our way now to: feedback@greyswanfraternity.
