I think we can all agree that interest-rate cuts are on the table now. Even Jay Powell says so! That rare “straight talk” from mystery-man Jay has fueled a jump in bonds. But there are still some bargain “bond proxies” on the table waiting to be snapped up. To be sure, Jay is still being cagey about when the first cut will drop. But futures traders think they’re on to him: they’re calling for at least three quarter-point cuts by the end of this year, as of this writing: Source: CME Group We can argue about whether or not that’s too aggressive.… Read more