fed chal regrasp the narrative from the market yesterday very very clearly saying the economy is not signaling the need for the FED to hurry Ray cuts and they shredded the rate cut probability for December from 80% to just over 50% and the bond market recalibrated as well this was the spike higher at one Junction we spiked Higher by 12 basis points on the shorter end of the curve we’re rolling back down as really the view is this until you know actual policy it’s going to be current policy that dictates what happens in markets not politics that’s HSBC Max K he wants to be long of everything long all the pro risk trades and he doesn’t see extension or an extension in position he says there’s still bandwidth to go when it comes to the administration again the name uh in the frame is RFK Jr will he be really ratified by the Senate will they agree that he can be in charge of Health what’s he going to do with the food system here in the United States of America we know he’s an antivaxer the vaccine companies tanked yesterday and Elon Musk has a new valuation on SpaceX 250 billion