Markets are signaling an easing cycle has already started with the Fed now behind the curve on inflation, says a Wall Street chief strategist

MarketsInsider/Brian Evans/8-13-2022

“I don’t really care what the Fed is going to do because the Fed isn’t driving this ship. If I look at what’s happening, we’re already into a brand new easing cycle right now.” – Jim Paulsen, chief investment officer, Leuthold Group

USAGOLD note: A controversial statement but painfully close to a reality every investor should now blend into his or her thinking …… Few will take comfort in being aboard a ship without a captain. Today’s bond market, as we have seen over the past several months, can be a fickle friend signaling higher rates one day and lower rates the next.