DislikedWhen markets have an expectation for an outcome and numbers don't align, we minimise its importance (the opposite is equally true). When a series of numbers keep holding expectations we get stuck in narrow chop until facts and numbers confirm expectations. Only a major flop or game changer will realign expectations to somewhere else.....Ignored
I thought the current expectation was for a rate hike in December..
So is this current chop level factoring in one rate hike and waiting for confirmation from the FED(and from data) that will be the case, for a breakdown?
Or is there still a sizeable amount of market participants anticipating a surprise hike next week holding the market down for now & the market could rise once the fact of no rate hike for September next week is confirmed?
Regards,
pas.