Expect 2-3 hikes in 2019
Few believe the leveraged loans today would set off a crisis, since they focus on a smaller part of the economy rather than sprawling the housing mkt in 2008
The total leverage loan market is now doubled what is was in 2008, around 59% of them are junk loans.
Central bank has been paying attention to elevated loans this year. Powell said: we have our eyes on that.
Mnuchin inquires about whether fed could tighten policy by accelerating its balance sheeting shrinkage process rather than raising rates.
Trump and Xi agree to refrain from implementing incremental tariff for a brief period during which time the negotiations will take place.
US strength vs. rest-of-world sluggishness
Macro policy support vs. geopolitical drags
Robust corporate profits vs. modest capes growth
Rising DM wage inflation vs. flat CPI Phillips curve