Eternal Wait
The current market setup can be described as ‘Waiting for Godot’. But in contrast to the Samuel Beckett play, markets are awaiting the Federal Reserve to finally start cutting interest rates. And hopefully, also unlike in the actual play, the wait will not be eternal. Over the past week, market sentiment dropped even further. Jitters about the slowing US economy and rumours, later denied by the company, about a subpoena by the Department of Justice…