Current state of the US economy 🇺🇸:

1. Stocks are rising as if the economy has entered a soft landing.

2. Gold is rising as if we are in a major economic crisis

3. Bonds are falling as if the Fed is done cutting rates

4. Real estate prices are rising as if the rate cuts have just begun

5. Oil prices are falling as demand disappears

6. Natural gas prices are rising as demand increases

7. Americans’ assessment of the current economic situation has reached its lowest level since 2020. This is also in line with levels seen during the 2008 financial crisis

8. The market is pricing in over 2.5% of rate cuts over the next 12 months, the most since the 1980s