Are Markets Primed for a Fed Rate Cut Disappointment?

The transcript discusses market expectations for Federal Reserve rate cuts, with experts suggesting that the market may be overly optimistic. The conversation covers the vulnerability of the treasury market, the impact of trade tensions, and the potential long-term implications of US-China relations. Experts express skepticism about imminent rate cuts, citing the need for more negative economic data. The discussion also highlights the strategic competition between the US and China, suggesting a prolonged trade conflict.

What is the general sentiment regarding the market's expectations for rate cuts?

In what ways might the trade war affect the Fed's decision on rate cuts?