Data Distortion, Fading the Fed, Robotaxi Reveal
Update: 2024-10-10
Description
Inflation a little hotter, jobless claims a little hotter, and the data just keeps getting more distorted. We’re starting to see the impact from storms and strikes, and our economist says the Fed could defer a rate cut because of it. Plus, today’s data giving investors more reason to fade an aggressive Fed. We dive into what that trade looks like and where the opportunities are. And Tesla’s long awaited – and several times rescheduled – robotaxi event is finally happening tonight. We speak with one analyst who says the hype is still real.
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