Bloomberg (October 7)
“The ‘no landing’ scenario–a situation where the US economy keeps growing, inflation reignites and the Federal Reserve has little room to cut interest rates–had largely disappeared as a bond-market talking point in recent months.” After “setting up for slowing growth,” traders are undergoing another “wrenching recalibration” on the heels of a “blowout” jobs report “showing the fastest job growth in six months, a surprising drop in US unemployment and higher wages.” Treasury yields surged and investors are “furiously reversing course on bets for a larger-than-normal half-point interest-rate reduction.”
Tags: Blowout, Bond market, Economy, Fed, Growing, Inflation, Interest rates, Jobs, No landing, Recalibration, Scenario, Traders, Treasury yields, U.S., Unemployment, Wages
Wall Street Journal (October 10)
“The past week was bizarre, berserk, almost biblical.” People are thirsty for normal. “There’s a lot of Trump fatigue, and it’s peaking at the wrong time for the president.” Increasingly pundits “are wondering if Nov. 3 won’t be a win for Joe Biden but a blowout, a landslide in a polarized country that doesn’t produce landslides anymore.” If Biden does win big, “part of the reason, maybe a big part, will be simply that he is normal.”
Tags: Berserk, Biblical, Biden, Bizarre, Blowout, Landslide, Normal, Polarized, Pundits, Trump fatigue
