S&P 500 is outperforming Russell 2000 by nearly 7% this year … if spread stays positive, it will be fourth consecutive year of relative outperformance, which hasn’t happened since late 1990s [Past performance is no guarantee of future results] pic.twitter.com/LJfd2Jte1d

RITHOLTZ: “.. I said this a few years ago, but it bears repeating here: If the Fed wants lower inflation, they should be lowering rates now.” #CPI @Ritholtz @Austan_Goolsbee ritholtz.com/2024/05/fed-cutting-oer/ pic.twitter.com/H9CDMtvTPs

B of A: “.. our estimate of underlying inflation supports the Fed’s wait-and-see stance. .. it has leveled out and is moving sideways, but does not point to reacceleration. Underlying inflation needs to trend lower to bring rate cuts into focus. Overall, we retain our view for a… pic.twitter.com/L7GjZ7y9S1

Not a common take, but one I tend to agree with here. Inflation isn't the worry they keep telling us it is and the Fed should cut now. Interesting one from @Ritholtz. ritholtz.com/2024/05/fed-cutting-oer/